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gruffydd

Uk Economy Fragments Along With Housing Markets

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Just been looking at the housing market in parts of Wales I know and it's in the doldrums...

Then I looked in Bristol/Gloucestershire/London - places I know - and the prices are eye watering (yet wages don't seem to have increased for a decade or two, in any meaningful way - looking at the local job vacancies)...

The UK seems to be fragmenting, economically - do national indices mean anything, these days?

9 of the 10 poorest regions in Northern Europe are in the UK - then there's London, which is the richest (and London's wealth feeds out to Bristol and other S English regions): http://inequalitybriefing.org/graphics/briefing_43_UK_regions_poorest_North_Europe.pdf

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Just been looking at the housing market in parts of Wales I know and it's in the doldrums...

Then I looked in Bristol/Gloucestershire/London - places I know - and the prices are eye watering (yet wages don't seem to have increased for a decade or two, in any meaningful way - looking at the local job vacancies)...

The UK seems to be fragmenting, economically - do national indices mean anything, these days?

9 of the 10 poorest regions in Northern Europe are in the UK - then there's London, which is the richest (and London's wealth feeds out to Bristol and other S English regions): http://inequalitybriefing.org/graphics/briefing_43_UK_regions_poorest_North_Europe.pdf

Well i find the whole of the market in Wales is massively fragmented probably more so than most of the country (especially S/E Wales) you look at the bottom end and it`s staring to look like its getting there then you look at the middle ground in parts and you think well perhaps not then you look at the top end and you think what the feck are they on

But the top end have looked the same for the last ten years ....you know they are not giving it away

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Well i find the whole of the market in Wales is massively fragmented probably more so than most of the country (especially S/E Wales) you look at the bottom end and it`s staring to look like its getting there then you look at the middle ground in parts and you think well perhaps not then you look at the top end and you think what the feck are they on

But the top end have looked the same for the last ten years ....you know they are not giving it away

From what I can see the landlords are buying are bottom end - those I know let out to East Europeans on shift work, mainly. Beyond that things seem very stagnant west of Swansea - and north across the whole country - only the eastern side of Wales seems to be seeing any kind of movement in the market - and that's simply an overflow from England.

Edited by gruffydd

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