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BillyShears

New Build Boom In Leicester

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Big headlines in the local Leicester newspaper today. "£80 million Housing Plan for City".

Let's see how it ticks all the new-build boxes.

1] In dodgy area - "...transform a run-down area of the city"

2] Near to water - "... alongside the Grand Union Canal"

3] Incredibly optimistic predictions concerning potential purchasers - "The city is crying out for new housing. The hospitals redevelopment will create 5,000 new jobs, there will be 3,000 new retail jobs in the Shires [shopping centre] and 4,000 new jobs in the office quarter."

4] Typical sop to the 'priced out'. - "About 15% of the development would be 'affordable housing'". Oh yeah.... I'm sure there will be some one bedroom studios for £100K in there somewhere.

5] Mass scale - "More than 1,200 new homes ... are included in the plans."

6] Adding insult to oversupply - "Ross Walk is the latest in a series of developments transforming the city... £65 million development of high-rise flats nearby ...."

What a potential investment!!! I'm going to be queuing up all night to buy five of them!!!

Billy Shears

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3] Incredibly optimistic predictions concerning potential purchasers - "The city is crying out for new housing. The hospitals redevelopment will create 5,000 new jobs, there will be 3,000 new retail jobs in the Shires [shopping centre] and 4,000 new jobs in the office quarter."

Don't worry, all these new retail and office macjobs will pay enough for people to be able to afford these new builds. :lol:

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Don't worry, all these new retail and office macjobs will pay enough for people to be able to afford these new builds. :lol:

Some people working in jobs in retail with reasonable responsibility are getting about 10K or so. Even if they band together and buy in pairs it's hopeless.

Billy Shears

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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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