Wednesday, Jul 26, 2006

Presumably the govt. makes builders use; one facing brick and plaster board for walls...

Firstrung: Average size of a new home is now below 1000 sq. ft., it's all the government's fault, apparently...

The size of the average new home is shrinking as the Government puts pressure on builders to produce high density developments, figures showed today. The average plot size for a new property has shrunk to 973 square feet from 988 square feet during the past 12 months, according to building finance group Wolsey Securities.

Posted by converted lurker @ 10:18 AM (639 views)
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7 Comments

1. uncle chris said...

And yet they still charge ridiculous amounts for these tiny boxes, which incidentally are still larger than the flats I've visited in Tokyo - correct me if I'm wrong Japenese Uncle. When will these people realise that people would buy their properties if they felt they were value for money. Their are hundreds of new homes near me and builders are offering all sorts of incentives (deposits, cars, holidays, cashback) to avoid having to bring down prices and yet they still don't sell.

Wednesday, July 26, 2006 10:31AM Report Comment
 

2. Daopig said...

Instability Due to Feedback Lag
=========================

This is not the first time that the government has reacted at precisely the point when a pendulum is just about to swing back.
There was the 20 year-low gold sell off (now at a 20 year high). There was the IT outsourcing encouragement (because there was a skills shortage) which helped drive out IT as a credible profession. Now we have the next dictate : to build heaps of apartments. What do we want from a government? Do we expect them to be either pundits, or receiving pundits' advice so that they can 'do what is best for us'? Or do we just want them to maximise individual liberty and protect our security? In some cases we need the government to react, but if they are always going to do it too late (the nature of bureacracy), then they might be better off keeping their powder dry. Shame that the days oof older politicians seemed to be passed. Knowing when to trust the market, and when to head off greedy gold rushes, stuff like that. This would take wisdom, rather than energetic finesse in debate. Of course hind-sight is the best view of all.

Wednesday, July 26, 2006 10:49AM Report Comment
 

3. Retiredbanker said...

Yet in the current social climate of complete lack of consideration for others, you need to distance
yourself from ones neighbours, hence the high demand for detached houses with large gardens.

Blair and Co. seem to want to turn this Country into a version of Hong Kong.

Wednesday, July 26, 2006 12:00PM Report Comment
 

4. inbreda said...

"Blair and Co. seem to want to turn this Country into a version of Hong Kong."

Which to be fair is better than what they seem to want to do to Palestine, Lebanon, Iraq, Iran, Afghanistan etc

Wednesday, July 26, 2006 02:10PM Report Comment
 

5. harold said...

RB, by Hong Kong I guess you mean that the government is likely to give a green light to developers to build "luxury' high-rise carbuncles at a time when we have just about cleared all the old ones from the horizon. On the other hand, when I was growing up I remember when everything plastic had Hong Kong stamped on it. In other words, Hong Kong was the precursor to modern day China. Somehow I think this version of Hong Kong, i.e., a manufacturing success, is not quite what you or the government have in mind.

Is it just me, or are there others that think that the problem with boom and bust UK PLC is a result of our relatively short-term democratic cycle? That is, here today gone tomorrow politicians cannot to be expected to take economically sustainable decisions, of which the feel-good factor of the present property boom is a good example.

Wednesday, July 26, 2006 03:08PM Report Comment
 

6. denzil said...

Talking of tiny pods for Blair's minions to live in I know of a company who are employing the old workhouse approach. They employ immigrants on lower than the minimum wage on the basis that they provide them with barracks with camp beds and a shower.

Yes I'm sure it's illegal but it all helps keep inflation down.

Ahh, the smell of Labour Britain in the 21st century.

Wednesday, July 26, 2006 03:10PM Report Comment
 

7. waitingfor hpc said...

Labour has put the last nail in the coffin for UK Plc. Last one out turn the lights of the save global warming!.......

Wednesday, July 26, 2006 04:47PM Report Comment
 

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