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Silent Watcher

A Question

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I have been pondering a question for some time and I wondered if I could have your thoughts.

If 70% of the UK's housing stock is owner occupied and the other 30% presumably rented or empty/holiday homes, is there a significant percentage of the population who are homeless?

I only ask this because I can't understand who is going to live in all the new build accomodation. My understanding of Buy-to-let is that I could buy a second property and rent it out to someone who needs a place to live. However, if all of my peers are doing, considering, or have done that same thing, there must be a finite number of people to rent these properties to.

Immigration surely cannot make up the numbers to any huge degree, so there must come a point at which saturation occurs. John Prescott wants to build a million new homes. Is he inferring from this that either there are or will be nearly 2% of the population homeless including new immigrants ?

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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