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Housebuilding in England hits lowest since 1946
StevieJ
Posts: 20,174 Forumite
Not good news 
Just 118,000 homes were built last year, the lowest total since 1946, according to the Royal Institution of Chartered Surveyors, and 17 percent lower than in 2008.
http://uk.finance.yahoo.com/news/housebuilding-in-england-hits-lowest-since1946-reuters_molt-300f1b9b7aac.html?x=0
Just 118,000 homes were built last year, the lowest total since 1946, according to the Royal Institution of Chartered Surveyors, and 17 percent lower than in 2008.
http://uk.finance.yahoo.com/news/housebuilding-in-england-hits-lowest-since1946-reuters_molt-300f1b9b7aac.html?x=0
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments
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Not good news
Just 118,000 homes were built last year, the lowest total since 1946, according to the Royal Institution of Chartered Surveyors, and 17 percent lower than in 2008.
http://uk.finance.yahoo.com/news/housebuilding-in-england-hits-lowest-since1946-reuters_molt-300f1b9b7aac.html?x=0
It won't matter though will it?
Because Carol said on a different thread:Prices will fall because old people eventually have to move out of these large houses - whaever happens to house prices prior to that. Meaning a glut of these houses on the market, all at approximately the same time
It looks as if most elderly people are going to die about the same time and free up loads of houses - perhaps Gordon won't need to build so many after all.0 -
If people are getting shorter this can only be good news..........Not Again0
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baileysbattlebus wrote: »
It looks as if most elderly people are going to die about the same time and free up loads of houses - perhaps Gordon won't need to build so many after all.
Hope that is not Tory/Labour policy, remember Logans run :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Just 118,000 homes were built last year, the lowest total since 1946, according to the Royal Institution of Chartered Surveyors, and 17 percent lower than in 2008.
http://uk.finance.yahoo.com/news/housebuilding-in-england-hits-lowest-since1946-reuters_molt-300f1b9b7aac.html?x=0
A rising population, and reduced levels of housebuilding can only be good news for those brave enough to invest in property.
I have little pity for those who whine and wail that they missed the 2008 crash.
Now that more and more low deposit affordable mortgages are coming on to the market, there is no excuse for anyone claiming to want to rent rather than buy.
House prices will be much higher in 2 - 3 years than they are now. (which will help my pension pot nicely)0 -
I take it you also have no kids Nollag?0
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Graham_Devon wrote: »I take it you also have no kids Nollag?
Two little nollag's and two lovely BTLs that I plan to hand over to them at adulthood. Plan is that the flats will nicely be paid off by the time the girls hit their early 20s!!!
Up to the girls what they choose to do with the cash at that time.
Who knows? They might even STR and invest it all in GOLD (but I'd have to disinherit them for stupidity like that)
:eek:0 -
So you will pay capital gains tax and give them the house?
Gonna cost you a bit isn't it?0 -
Graham_Devon wrote: »So you will pay capital gains tax and give them the house?
Gonna cost you a bit isn't it?
That's why I've bought them through a limited company - plenty of ways to get around these things.
:beer:
Thanks for your concern though!!
:rotfl:0 -
Sorry, but this doesnt add up.
You have just 2 properties, through a limited company, with the aim of giving them to your children?!
So you are going to hand over the business then? And get involved in split dividends? All to avoid CGT?
How do you plan to "give" the companies assets to your children?0 -
Graham_Devon wrote: »Sorry, but this doesnt add up.
You have just 2 properties, through a limited company, with the aim of giving them to your children?!
So you are going to hand over the business then? And get involved in split dividends? All to avoid CGT?
How do you plan to "give" the companies assets to your children?
That's what I have a tax advisor for. No need to stress about these things. Life is too short ....
:beer:0
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