Jump to content
House Price Crash Forum
Sign in to follow this  
eek

Demolition

Recommended Posts

Apart from the standard crap about hideous buildings from the 1960's and a comment that flats aren't adaptable there was one interesting fact.

In this country, people purchase based on number of bedrooms and don't care about size. That means that we have the smallest new build property in Europe (including most of Russia). And for some reason a new build is cheaper than its 1950's counterpart (which is at least 50% bigger).

Edited by eek

Share this post


Link to post
Share on other sites

Apart from the standard crap about hideous buildings from the 1960's and a comment that flats aren't adaptable there was one interesting fact.

In this country, people purchase based on number of bedrooms and don't care about size. That means that we have the smallest new build property in Europe (including most of Russia). And for some reason a new build is cheaper than its 1950's counterpart (which is at least 50% bigger).

Whereas in Australia (and, I understand, the US) it's exactly the opposite!!

The median new build house size in Oz has been increasing by about 2% per year for decades. That may not seem much, but it means the median today is twice the size of the median in 1970. At the same time the average household size gets steadily smaller.

As an aside, I wonder if we will see any time soon a trend towards genuine quality apartments, aimed at owner occupiers who are prepared to pay for large rooms, plenty of storage, solid construction to give good soundproofing and so on. I could even see a market for good new terraces.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.