Thursday, April 27, 2017

Supply & Demand ?

Housing supply falls to record low in March

The supply of available homes is at the lowest level for March since records began in 2002, according to NAEA data.

Posted by jack c @ 04:24 PM (12 views)
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3 thoughts on “Supply & Demand ?

  • hpwatcher says:

    Just when I was beginning to wonder what was supporting prices……..

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  • HP – please see fresh BOMAD post

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  • Again, this trend, I believe, is being caused by huge immigration, because it is a trend since Blair opened up to Eastern Europeans. Each new entry either leads to a new purchase or btl demand that does not lead to a property sale from the new market entrant. This is unlike domestic demand that often involves one sale for every purchase with the exception of first time buyers, which are balanced by probates so long as population is not soaring.

    So, as Londons population soared from around 6.5m in 1995 to around 8.5m now, to soar to over 10m by 2030, stock has dwindled because it is being hoovered up and not replaced by enough new build, with the subsequent trend being one towards Dickensian crowding with families to a room and crowded hmo’s and lots of short term let places and Airbnb’s.

    In short, London is becoming New York.

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