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Once in a lifetime

Housebuilders Cannot Escape Vicious Circle

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Unlike in the recession of the 1990s, there is not a huge oversupply of houses. In fact, there is a shortage, owing to a rising population and a surge in prices that has put homes beyond the reach of hundreds and thousands of potential buyers, particularly in some areas of Scotland and south-east England.

So there is a shortage of houses because they are too expensive? I'm confused.

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So there is a shortage of houses because they are too expensive? I'm confused.

You're not the only one. I suspect the truth is that during the bubble it seemed like there was a shortage because there were so many people moving around. However, now the market has stalled, it's become painfullly obvious just how many empty properties there are. So all this talk of shortage by the VIs is just rubbish.

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A lot less people will be moving around once the redundancies start kicking in

I'm not so sure - people will move anywhere to find work in a recession. If its a choice of no job or internal transfer to the other end of the country you go. Forced sellers always help a crash along.

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  • 395 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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