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Population Growth Against New Builds

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First Read this article.

http://www.statistics.gov.uk/CCI/nugget.asp?ID=6

interesting stuff.

the population grew by 280,600 people in the year to mid-2004.

How many homes were built in a year

http://www.audacity.org/Building%20a%20crisis%2001.htm

here are around 130,000 new home sales annually (new builds)

Now I know the population is growing faster then new builds..

but

This equates to a new home for every 2.1 person. (I can't get that to read right.. but it makes sense.)

That is obviously outstripping requirements..

and if you look at the bell curve you see the full example of the boomer generation..

Now I was accused of being rude about them earlier..

so I will be careful when I say it seems that they may have been a bunch of Jaffa's.... ;)

First time buyers.. looks to be not that many of us..

Now be gentle.. have a good look.. I am of out for dinner with the missus..

I would like to see some good observations on the data.. not my writting wot is rubbish..

Have a good evening all of you..

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not really.

the supporting case for higher prices is in part due to demographics and more single occupancy households.

..I made a point on here some months back that this could very easily reverse itself,all it needs is for single occupancy(income) households to suffer the downturn and they will start to look at altenatives like co-habitation again...I'm not necessarily talking marriage or living in sin,more like houseshare/flatshare with like minded folk.

ironically,this will be the utter demise of BTL,as the 1/2 bed domiciles recently built will have absolutely minimal future demand,increasing the downward trajectory of prices.

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2.1 new people per new home...?

The effect of HPI on future demographics has already been

debated.

People sacrificing their salaries on the altar of HPI are

getting older and older before making their nests.

They are not necessarily jaffa's, just responsible.

I think the demographic modellers do fail to factor in the

feedback of HPI on the replacement of popultaion though.

ABB

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2.1 new people per new home...?

The effect of HPI on future demographics has already been

debated.

People sacrificing their salaries on the altar of HPI are

getting older and older before making their nests.

They are not necessarily jaffa's, just responsible.

I think the demographic modellers do fail to factor in the

feedback of HPI on the replacement of popultaion though.

ABB

A Lot has been said on this forrum about the changes in the way people wish to live.

A good point to make is that with such catastrophic inflation it is impossible to ascertain just how people would wish to live.

Trust me.

Huge debt = slower to start family.

Huges prices = later to buy.

Longer renting and sharing..

Its not a true picture.

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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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