Thursday, October 5, 2006

No wonder there’s no houses left for us

Labour Market Trends October 2006

There were 1.5 million foreign nationals working in the UK in 2005, 5.4 per cent of the employed population, according to an article in the October issue of Labour Market Trends, published today by the Office for National Statistics. It is likely that 2005 saw the largest ever entry of foreign workers to the UK.

Posted by uncle chris @ 01:42 PM (455 views)
Please complete the required fields.



3 thoughts on “No wonder there’s no houses left for us

  • devil's advocate says:

    Important point. This is adding to the fuel, supplying the BTL market with a reasy supply tenants which is caudsing to rents to rise in London. Only a large rate rise can stop the increases now. If not the BTL market will continue to expand.

    Reply
    Please complete the required fields.



  • devil's advocate says:

    Sorry for absolutely atrocious grammar.

    Reply
    Please complete the required fields.



  • C'mon Correction says:

    I agree with D A, this is an important point and is probably the only major factor that can support the BTL market and ultimately over-valued house prices for the years to come. Certainly new building stock isn’t going to reduce for the next 10+ years if demand is there and prices as high as they are.

    A possible scenario is that prices won’t crash and the BTL market will grow ever bigger, eventually leading to huge competition for rent prices. This would mean ever cheaper rent.

    I beleive this is could (possibly, not my personal view though) happen over the next 10 years, However in the long term – 20+ years our economy will be able to support less and less (at current trends of REAL growth) and our population will start to decline again. This is a point to consider for BTL’s using it as a pension – a glut of houses on the market in 30 years time will have a big effect on their ‘pension pot’.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>