4,000,000 to need UK housing!

ukcarper

abaxas wrote: »

Since the queen owns all the land in the UK, and it's HM's government.

Yes it's free, or probably compulsary purchased.

Ever been on a road, it's amazing they ever get built :rotfl:

True but can you see her giving up for returning expats

Pobby

IveSeenTheLight wrote: »

I don't see it being that big a step.

Voids - I'm running a 0.675% void rate or an average 2.46 days per year for the last 3.25 years. If the property is marketed properly and is in a good rental market then there is no real need for voids. I believe voids really are a product of poor marketing and complacency.

Repairs - Proper property maintenance goes a long way to keeing repairs to a minimum. You also benefit from repairs being deductable from income and thus subjected to less tax. I repaired a properties windows having them replaced. The loss incurred from this maintenance was carried over to be deducted from future years profits

Bad Debt - Maybe I'm fortunate, but so far I've not encountered a problem with tenants paying. Possibly due to stringent background checks carried out before leasing the properties.

Sounds like you have your head screwed on and had a bit of good fortune. I have no idea when you bought but my guess is that it was a few years back where you could make a decent yield. I know of 2 friends. One makes no yield and is likely to make a small loss. The other, one of me Irish mates makes a monthly loss of 700 euro. His words.

matbe

abaxas wrote: »

EDIT : Just had a look.

Nice new build starter home (2 bed) in Consett, £69,995. So I guess you can easily build a house for 50k.

Also plenty of unskilled workers around to use.

Plenty of unskilled workers around to use?

What are you building mud huts?

There was a skills shortage in the building industry before the crash now its worse there have been few apprentices taken on in last 2 years.

Its only building houses though isnt it anyone can do that can't they?


Moron.

PasturesNew

Why would you come home to sit on the dole in the rain, when you can sit in Spain in the sun and relax?

Better the devil you know.

Morglin

lic wrote: »

There is no way on this earth that 4,000,000 will return.
Even with the £ exchange rate being poor the cost of living is fate lower in Spain.
There are not the heating costs for a start.
Fags and Booze are cheaper, as are fresh fruit and veg when bought form the markets.
People who went to Spain with no real job prospects or independent income will suffer and will probably only return in the short term because of the generous benefit system we have.
This must change after the election, as the benefits are now unsustainable.

Many ex pats, living in Spain, get the benefits anyway.

A lot do want to come home, but they can't sell their properties.

Lin

spaceboy

Blacklight wrote: »

Add to that the influx of EU migrants looking for a cheap deal now that Stirling is equal to the Euro and that fact that nobody's been building houses for the last two years and you've got a big supply problem on your hands.

We've had a supply problem for years and it's getting seriously bad now.

Generali

matbe wrote: »

Plenty of unskilled workers around to use?

What are you building mud huts?

There was a skills shortage in the building industry before the crash now its worse there have been few apprentices taken on in last 2 years.

Its only building houses though isnt it anyone can do that can't they?


Moron.

These guys manage to build a house for AU$122k (about £50,000 at a normal exchange rate, closer to £75,000 now though). For that you get a 2,500sq ft house with 3 bedrooms, 3 receptions, 2 bathrooms, a double garage, aircon and heating.

http://www.homeworld.com.au/houses.php?houseID=16

They're not the only ones too. There are plenty of builders here that will build you a large (by UK standards) house for less than $150,000

http://www.homeworld.com.au/

Are British builders really that much less efficient than Aussie ones? I have my doubts.

abaxas

Generali wrote: »

These guys manage to build a house for AU$122k (about £50,000 at a normal exchange rate, closer to £75,000 now though). For that you get a 2,500sq ft house with 3 bedrooms, 3 receptions, 2 bathrooms, a double garage, aircon and heating.

http://www.homeworld.com.au/houses.php?houseID=16

They're not the only ones too. There are plenty of builders here that will build you a large (by UK standards) house for less than $150,000

http://www.homeworld.com.au/

Are British builders really that much less efficient than Aussie ones? I have my doubts.

Nice post,

However this thread sums up the exact problem with the UK. To sort of quote from that 'History of Britain' program.

Margret Thatcher's main mistake was that she though the UK population was industrious and hard working, only to find out it wasnt.

viscione

Immigration isn't all that bad . . . . look how it benefited the US

ukcarper

Generali wrote: »

These guys manage to build a house for AU$122k (about £50,000 at a normal exchange rate, closer to £75,000 now though). For that you get a 2,500sq ft house with 3 bedrooms, 3 receptions, 2 bathrooms, a double garage, aircon and heating.

http://www.homeworld.com.au/houses.php?houseID=16

They're not the only ones too. There are plenty of builders here that will build you a large (by UK standards) house for less than $150,000

http://www.homeworld.com.au/

Are British builders really that much less efficient than Aussie ones? I have my doubts.

Isn’t land the main cost of a house? After all it doesn’t cost that much more to build a house in Surrey than in Lincolnshire