Housebuilders face market implosion - The Times

BlondeHeadOn

Long and very gloomy article here:

http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article5161794.ece

"I refer to them as the living dead - they can be kept alive but really they are just ghost companies.
That is the shocking description of the state of many of Britain’s housebuilders by Alastair Stewart, housebuilding analyst at Dresdner Kleinwort. "

adr0ck

interesting point in the report

only 50,000 - 60,000 new homes will be built this year

bit less than the 240,000 required by the Government

baby_boomer

Unfortunately Caroline Flint is no longer housing minister and so can't be held to account for this Labour Conference speech in September 2008.

"Sceptics ask me to scrap our target of 240,000 new homes a year

They want us to admit defeat.

We won't give up that easily.

Labour will build the homes Britain needs.

This Government has the right people;

Taking the right decisions

At the right time."

:rotfl:

ad9898_3

adr0ck wrote: »

interesting point in the report

only 50,000 - 60,000 new homes will be built this year

bit less than the 240,000 required by the Government

240,000 were never needed. Its the government spin again <yawns>. This was the figure required when all the BTL chancers were buying everything that was built at stupid prices, to rent to people, this has now dissappeared.

There is no shortage, no fields full of tents, no ghettos built from corrugated iron, with people desperate to buy but can't.

It is, yet again a complete myth pedaled by the government in the days of rampant HPI, to prop up their 'house of sand', unfortunately for Brown, he didn't notice the tide coming in.

Jonbvn

ad9898 wrote: »

240,000 were never needed. Its the government spin again <yawns>. This was the figure required when all the BTL chancers were buying everything that was built at stupid prices, to rent to people, this has now disappeared..

Perhaps there is some substance in what you are saying.
Nearly a million buy-to-let properties are standing empty

StevieJ

ad9898 wrote: »

240,000 were never needed. Its the government spin again <yawns>. This was the figure required when all the BTL chancers were buying everything that was built at stupid prices, to rent to people, this has now dissappeared.

There is no shortage, no fields full of tents, no ghettos built from corrugated iron, with people desperate to buy but can't.

It is, yet again a complete myth pedaled by the government in the days of rampant HPI, to prop up their 'house of sand', unfortunately for Brown, he didn't notice the tide coming in.

I don't know about elsewhere but Dopesters place is getting a bit full.

WTF?_2

Jonbvn wrote: »

Perhaps there is some substance in what you are saying.
Nearly a million buy-to-let properties are standing empty

There was a house on my street which was sold about a year and a half ago. To date, no-one has moved in and I've never seen anyone even about the place. I suspect a bit of speculation gone wrong. Don't know why they haven't let it out though.