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Anyone In Know The Facts?

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I still hear that there are 30% more households since whenever due to divorce, ageing population etc. I also hear that we are building less homes that any time since the second world war.

Why then am I surrounded by millions of brownfield estates and trillions of one and two bed flats. OK maybe not trillions. Just how many more one and two bed flats are there because most of these new households whether students, divorcees or immigrants are all apartment fodder. Surely we must have more that enough of these?

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Anyone In Know The Facts?, On households versus homes

Number of UK households (2002): 22 million.

http://www.environment-agency.gov.uk/youre...rsion=1〈=_e

UK housing stock (2003): 25 million dwellings

http://www.eci.ox.ac.uk/pdfdownload/energy...e/chapter05.pdf

I also hear that we are building less homes that any time since the second world war.

This was the case until fairly recently:

http://www.jrf.org.uk/knowledge/findings/housing/H173.asp

http://society.guardian.co.uk/publicfinanc...1171163,00.html

In 2001, around 175,000 houses were built in the UK - the lowest level since the second world war.

Annual-Completions-Graph.jpg

uk-houses-completed.gif

Edited by IPOD

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Thanks IPOD great post. So the supply side isn't quite the issue that the usual VI's suggest.

And I guess properties being flipped speculatively have artificially reduced stock available for rental or sale to people who actually plan on living in them.

Would the return of this stock add further momentum to the fall?

/G

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Guest magnoliawalls

Another reason why there is a reduced availability of housing may be the decline of lodging. I understand from speaking to baby boomers with degrees that if they lived away from home during university and for a time afterwards, the standard accomodation was lodgings.

Why has this gone out of fashion? Perhaps students these days would rather have their own pad but I do not believe that they would be willing to pay a lot more for such freedom. Is it that empty nesters no longer need to earn some money from lodgers?

It bothers me that so many people are living in cramped, sub standard accomodation while second homes and speculative investments stand empty, and empty nesters live in larger houses than they need.

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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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