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

How Has Increasing House Quality Influenced Hpi

Recommended Posts

Hi all,

I am interested to know how HPI over the past 10 years has been influenced by the dramatic increase in house quality - by this I mean double glazing, central heating, decor, new kitchens, new bathrooms, nicer flooring, block paved driveways etc etc etc etc.......

It seems to me that the lack of easy credit and lower wages in the 80's and early 90's stopped people doing up their pads, but as this changed in the mid 90's and beyond, the freely available cash allowed the vast majority of people to refurbish their houses to standards we wouldn't have seen before. Of course this theme was picked up by the TV companies with ever popular home and garden makeover programmes which brought home improvement to the masses and amplified the effect.

Is it the case that without home improvements to the level we now take as normal, house prices would not have risen to the level that they now are. Is it therefore the case that there cannot be a crash back to long term trend, as houses are now higher quality than at any time in the past. Therefore there is an inherent 'premium' being levied for increased quality?

I'm not a bull or a bear, but would like to understand whether there is any ecomonic basis behind increased product quality and how it influences prices.

Regards

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.

  • 354 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • 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.