Lots more mouths to feed...and house....

Pete111

Just saw this.

http://news.bbc.co.uk/1/hi/uk/10401629.stm

500,000 extra bods per year extra in blighty if this is typical.

thats a population increase greater than the number of inhabitants of Manchester every 12 months.....seems alot!

IveSeenTheLight

Pete111 wrote: »

Just saw this.

http://news.bbc.co.uk/1/hi/uk/10401629.stm

500,000 extra bods per year extra in blighty if this is typical.

thats a population increase greater than the number of inhabitants of Manchester every 12 months.....seems alot!

It's only showing an additional 398,000, however all reasons which lends to an increase in requirement for property in the future.

Are there enough properties being built for an extra 400,000 per year?

chucky

IveSeenTheLight wrote: »

It's only showing an additional 398,000, however all reasons which lends to an increase in requirement for property in the future.

Are there enough properties being built for an extra 400,000 per year?

nope - saw something in the budget about a quarter less affordable houses were going to be built (i think). haven't seen it on here though.

DaddyBear

I'm just astounded that Hamish missed the chance for another supply and demand thread.

HAMISH_MCTAVISH

DaddyBear wrote: »

I'm just astounded that Hamish missed the chance for another supply and demand thread.

The inevitability of it all is boring me now.

abaxas

45% immigration.... so that'll be 15 Hamish MrDoodar(TM) HMOs and we are sorted.

IveSeenTheLight

DaddyBear wrote: »

I'm just astounded that Hamish missed the chance for another supply and demand thread.

We'll is there enough supply for the increasing demand?
Where will all the people live in the future.

In the link it refers to an increase in non related couples sharing and also an increase in divorce.

It's not great, but certainly it seems that property sharing is likely to become an increasing statistic.

dopester

IveSeenTheLight wrote: »

It's only showing an additional 398,000, however all reasons which lends to an increase in requirement for property in the future.

Are there enough properties being built for an extra 400,000 per year?

Are there enough jobs for these extra 400,000 a year on the kind of pay you take forgranted to support your house prices?

Is there enough money in the benefit pot to keep on topping it up for these extra people who need help with Housing Benefits, JSA ect?

Do people living in African countries expect HPI just because the population has gone up? It's the economy stupid. If anything these extra people are a damper on house prices - more competing for jobs, lower pay, less taxpayers money to slosh around supporting them.

A higher ratio of financial assets to tangible assets usually means the valuations of both are higher. How are UK financial assets doing? I thought people barely could scrape together £500 on average, with debt being overwhelming. How is the UK debt position doing eh? House prices and land values should deflate to 1949 values. We have only debt, and a big house price bubble.

Solutions will have to be found for the extra people. Cut pensions to older people refusing to take a lodger when they live alone in a 3 bed+ house. More people living with families. Cheap build large-container-apartment blocks (near indestructible, fireproof) around economically active areas. Just because there are more people doesn't mean Middlesbrough or Sheffield or Aberdeen is going to see massive HPI. If anything it helps see massive downside to values.

chucky

dopester wrote: »

Are there enough jobs for these extra 400,000 a year on the kind of pay you take forgranted to support your house prices?

if there isn't enough jobs - there will be higher levels of emigration.

i'm not talking exclusively emigration across borders but across regions in the UK. certain regions will have a higher demand for people to live in than others - for example the south-east currently.

emigration to other countries would also probably happen on a larger scale.

kabayiri

chucky wrote: »

if there isn't enough jobs - there will be higher levels of emigration.
i'm not talking exclusively emigration across borders but across regions in the UK. certain regions will have a higher demand for people to live in than others - for example the south-east currently.

It's interesting.

Some people already argue that parts of the South East are at capacity in terms of housing and infrastructure.

I can't see the wealth divide between north and south closing any time soon. Will we see a London of the future with predominantly high income jobs, with any lower income roles moved out to the provinces?

If the state contracts and 1 in 2 jobs in the NE currently rely on the state in some form, just what does the government do to address this? Haunting memories of the Toxteth riots will feature heavily on their minds.

lostinrates

kabayiri wrote: »

I can't see the wealth divide between north and south closing any time soon. Will we see a London of the future with predominantly high income jobs, with any lower income roles moved out to the provinces?
t.

Last two weeks issues of Roll on Friday have indeed highlighted some law work from London being contracted out to provincial firms, and indeed overseas. I don't think I'd be thrilled as a client to pay the higher fee of a London firm on this basis.