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MarkG

Supply And Demand

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As I was leaving the house this morning I noticed an article on the front of one of the local property papers that my landlord gets delivered: apparently building in the area has far exceeded the council's plans for 2006, and may well have exceeded their plans up to _2012_... which seems quite likely given the blight of 'two-bed executive apartments' that has appeared recently.

So we've apparently had the best part of a decade's worth of expected housing supply put up in about two years. I can't help but feel that might have a slightly negative impact on prices in the future... not to mention construction salaries.

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As I was leaving the house this morning I noticed an article on the front of one of the local property papers that my landlord gets delivered: apparently building in the area has far exceeded the council's plans for 2006, and may well have exceeded their plans up to _2012_... which seems quite likely given the blight of 'two-bed executive apartments' that has appeared recently.

So we've apparently had the best part of a decade's worth of expected housing supply put up in about two years. I can't help but feel that might have a slightly negative impact on prices in the future... not to mention construction salaries.

It was actually mentioned on the news aswell as an off-the-cuff type of comment, so the seed is being sown.

For some reason i dislike the word 'Glut' and i think i will be seeing a lot more of it soon..ewww

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  • 301 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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