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ScaredEitherWay

Increasing Land Supply - Not Answer To High House Prices

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Increasing the supply of land available for construction would do little to bring down house prices, the Campaign to Protect Rural England has said.

According to a study for the CPRE, rising house prices are a reflection of bigger incomes and mortgage loans.

The research tracked house prices, completions and housing land supply over periods of 10 years or more.

http://news.bbc.co.uk/1/hi/uk/6909621.stm

Discuss.

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Increasing the supply of land available for construction would do little to bring down house prices, the Campaign to Protect Rural England has said.

According to a study for the CPRE, rising house prices are a reflection of bigger incomes and mortgage loans.

The research tracked house prices, completions and housing land supply over periods of 10 years or more.

http://news.bbc.co.uk/1/hi/uk/6909621.stm

Discuss.

Funny then how countries with an unlimited amount of land have cheaper house prices.In the US prices ,at $190K, are half ours yet they are richer than us and are more exposed to larger mortgages through the use of CDO securitisation

The CPRE is run by NIMBY boomers who picked up their rural idylls for a song in the sixties and don't want an invasion of urban dwellers.

Edited by crashmonitor

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Exactly!

They all live in houses that were built on what would now be considered Greenfield sites! :angry:

If the boot was on the other foot they would be taking action.The thread started by George about the apathy of young people and the lack of revolt makes a lot of sense allowing the boomers to have their cake and eating it.

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the planning system is so broken i don’t understand how the nation stands it

i have a friend who owns a property with a largish garden adjacent to it

he has filed a planning application to build a 3 bed house. roughly 8 meters by 8 meters on his side garden.

he tells me, if he gets this permission, he will sell the plot.

this is the good bit

he believes he will get £100-150k, that right, one hundred thousand pounds, for a plot of land less than 100 square meter.

so tell me that a system that values a plot of land so highly isn’t a broken system

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