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djmgw

Empty Homes In Yorkshire

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Not seen this mentioned already.

There was a piece on Look North last night on the empty homes situation in Yorkshire - quite revealing.

http://www.bbc.co.uk/iplayer/episode/b037b16r/Look_North_(Yorkshire)_24_07_2013/

Starts at about 15:40

Key statement was that one empty house had been bought by an "investor" for I recall £170k and was now worth £35k.

djmgw

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Banks love ghost estates as their paper capital is safe and it keeps stock from the market.

In any case there are bound to be a few empties in any market, but the facts remain the the UK is about a million houses short of comfort and will need to build somewhere near 200,000 each year for the next decade.

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Many years ago I did a thread on this new development. The details are dated 2006 (''amended 27th June 2006''). I see all 8 units remain unsold.

In Yorkshire they do ghost developments properly.

http://www.rightmove...y-41146355.html

Looks like an old school. One of the moral hazards of low interest rates I guess. Things can just sit around a long time waiting to haul in a punter. Don't know who could afford such prices in that area apart from equity rich boomers.

Edited by aSecureTenant

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  • 239 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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