Monday, January 14, 2008

Migration demand for housing….

Britain has to build 2 million new homes - just to cope with growing number of immigrants

Almost two million new homes will have to be built just to cope with the immigrant influx, peers will be told tomorrow. It means 263 houses must be constructed every day - for almost 20 years – the equivalent of five cities the size of Birmingham during the next 18 years. Four in 10 of all new homes will go to new migrants, a report by Migrationwatch UK claims.

Posted by hpwatcher @ 09:35 AM (1482 views)
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14 thoughts on “Migration demand for housing….

  • george monsoon says:

    Only if the number of migrant workers remains as strong.

    What if the pound goes through the floor and the Polish find they are better off staying at home…

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  • this is utter rubbish…

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  • More xenophobic inflamatory shite from the Mail.

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  • sold 2 rent 1 says:

    Human nature always assumes extrapolation of current trends indefinately.

    See the definiton of Extrapolation.
    http://en.wikipedia.org/wiki/Extrapolation

    Quote from wiki
    “Crucial questions are for example if the data can be assumed to be continuous, smooth, possibly periodic etc.”

    Surely we are at the top of the cycle for immigration as falling GBP and rising unemployment will see them packing.

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  • Come on Mark, try to formulate an argument …. what is rubbish and why?

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  • Uncle Chris,

    Here’s an argument for you. If the first tidal wave of Polish immigrants managed to find places to live, then how come as the rate of immigration begins to fall due to recession (or at best slow down of growth) we will suddenly need to build new houses. Read last week’s Economist special on immigration. It may help you understand. Mail it to the Mail when you’re done.

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  • @ george monsoon, couldn’t have put it better myself…

    @ uncle chris… well said…

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  • Typical scaremongering b*llshit from the supposedly upstanding independent publication.. growing immigration.. when the market goes tits up, these peole will simply leave.. so a nonsense article to scare the masses.. surprised it was not the schizophrenic “Express”

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  • The “rubbish” of this news is (perhaps) that it does not have any impact on house price growth
    … unless these migrants also increase the average income, which I doubt since large immigration (i.e labour supply increase) tends to cap salaries

    at the end of the day, the migrant salary determines the max rental paid, and throught the yield = marginal cost of capital, the house price

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  • crash bandicoot says:

    Why do we need to build 263 “houses” a day? Are they suggesting that even Bulgarian cabbage pickers won’t live in “executive” city-centre flats.

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  • Speaking to a Polish friend the other day, he says that a lot of poles he spoke to at home are reconsidering coming here now, with the falling pound. He even suggested looking for an IT job in Poland and thought that the rates of pay may be on a par with here (don’t know how true that would be).

    Anyway, with any luck I will be out of the country soon, after my interview the other day.

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  • I agree. It is a bad article.

    One question though. Since we are outside the schenglen zone, there is no reason why Britain, in its desire for more immigrants, could not to open up its borders to the ex soviet countries?

    That should keep labour costs down.

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  • OK suppose we build them, then the immigrants’s countries become better places to place that the UK they all p*ss off home leaving millions of properties empty. Groovy baby!

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  • uncle chris, I am drained with fighting aldi and their wagons parking around the area I live in, so polish works and formulating an argy bargy is not in me anymore…lol…… All i know is that how many can afford to buy, there are stacks of empty rentals, more are still being built, liverpool is like a building site with a show…. and most ppoles are heading home now they know gold is not that easy to find over here, unless you are on the dole…lol

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