Tuesday, August 13, 2013

Whilst wages rise by 14% and fuel rises by 50%

First-time buyer house prices will increase by 42% by 2020, claims new report

The housing crisis and failure to build enough new homes in Britain will make 2020 a bleak period for new homehunters, according to the National Housing Federation. Its report 'Housing Britain's Future' suggests that the 22 per cent jump in births between 2001 and 2001 and a decade of insufficient house building are on target to raise first time buyer house prices by 42 per cent and rents by 44 per cent, leaving 3.7 million young people living with their parents by 2020. "We failed to fix the housing market for the Eighties baby-boomers because we simply didn’t build enough homes," said National Housing Federation director Ruth Davison. "This means that, even with decent jobs, many are now struggling to raise a mortgage deposit or pay their rent.

Posted by khards @ 02:42 PM (1537 views)
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6 thoughts on “Whilst wages rise by 14% and fuel rises by 50%

  • Any spin will do if it gets more houses built – as long as they’re well designed, with decent space and a quality standard of build, of course.

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  • “as long as they’re well designed, with decent space and a quality standard of build”

    No chance, not in the UK as it would devalue the ‘haves’ property. They will not grant permission for well designed property and go out of their way to justify shoe boxes without adequate garden and parking.

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  • I really don’t see this up trend lasting for 7 years.

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  • The poor build quality is also due to the majority of houses are built by large corps whose only factor is the bottom line. Also these corps are forced to build x % of “affordable” housing on new estates, which forces them to cut corners and quality.

    If there were more self-build / self-designed housing built, the variety and quality would be much better. But that would involve looser and easier planning laws that regular people could have a chance to get plans passed. But of course this will never happen.

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  • @nod2glod – The quality of the self builds in Ireland are very good compared to the cooperation estates which were mainly built as investment purposes, not for owner occupiers.
    The bit Ireland got wrong was not forcing/encouraging land owners near the larger towns and cities to give up land for housing, what happened instead is you have 50% of the population dotted around the countryside which in itself isn’t much of an issue as largely the houses are well designed. The problem lies with providing infrastructure and transport to such sparsely populated areas.

    I think minimum standards such as bedroom sizes, garden size, number and size of parking spaces would help but only if land was allowed to be built on. The only way you are going to be able to do that is be pushing out the green belt and removing it completely from some areas.

    For all the good intentions of the greenbelt stopping urban sprawl, the greenbelt needs to be managed and not fixed in stone. Yes, the goal has been achieved of x dwellings per care with many of the old brown field industrial areas reused. Ok, now it is time to redesignate the greenbelt and free up some land for building.

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  • Khards, personally i think politicians should take one for the team and Parliament and Whitehall should be moved out of London to a depressed part of the country. Then if they really want a high speed rail system, it can be built to link the new capital to London, and a big new airport could be built half way between them. This would provide many advantages:
    1) Would be a useful expenditure (well more useful than just given cash to the banks) of stimulus spending.
    2) Move loads of people (all of government and supporting jobs) out of London reducing the pressure on the south east.
    3) Provide rejuvenation of a depressed part of the country.
    4) Solve the airport capacity issue.
    5) A decent use for high speed rail.
    6) Provide a real radical idea to help move the country

    ps, not my idea, i think red ken came up with it first, though i might be mistaken, well the move parliament out of London bit

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