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Showing results for tags 'supply'.
I would like people to post all the factors they believe have affected house prices in the past, and will in the future, and attribute a sort of proportion to each factor. I'd like you to do it with just two headings too, Demand and Supply Let me start (based on what I have learned on HPC and I hope that people will add to this until we all sort of agree, and perhaps learn some new ways of thinking about this issue. And I know this isn't a linear relationship, nor is this ever that simple, but just assume it's present day and that the relationship is super simple for ease
Greetings HPCers! Thanks for adding me into the forum. Much has been said about how a fundamental underlying lack of supply will continue to keep housing prices up in London & SE. Don’t get me wrong – I think the nefarious activities of the builder/developer cartel do much (like De Beers with diamonds) to create artificially high prices. i.e. there is a sense in which there IS a genuine lack of supply. However, how much of this ‘lack of supply’ of stock is just down to vendors either taking their properties off the market or refusing to put them on the market in the first place (
This clearly illustrates how stock levels have fallen. Here is a graph of houses for sale on Rightmove from 3 estate agents in my area, it runs from July 2014 to the current day. The estate agents are Taylors, Connells and Derek Spires in Bearwood. Taylors started off as Taylors but it morphed into Humberstones quite a while back. I've shared the raw numbers too, should someone find this interesting. estate.txt estate.txt