Britain to face housing shortage of one million homes by 2015

Buy_It_Now

http://www.dailymail.co.uk/money/markets/article-2085904/Britain-face-housing-shortage-million-homes-2015-says-Barratt.html

Mark Clare said: ‘There is a large amount of pent-up demand. We are building, as an industry, 120,000 homes a year, but the requirement is for well over 200,000.

Shortage of supply = higher house prices :dance:+ higher rental income :dance:

Wookster

Where do all these sock puppets come from?

Hamish? Sibley? Mr Ree?

One and the same I'll wager.

drc

Buy_It_Now wrote: »

http://www.dailymail.co.uk/money/markets/article-2085904/Britain-face-housing-shortage-million-homes-2015-says-Barratt.html

Mark Clare said: ‘There is a large amount of pent-up demand. We are building, as an industry, 120,000 homes a year, but the requirement is for well over 200,000.

Shortage of supply = higher house prices :dance:+ higher rental income :dance:

Pent up demand does not equal ability to pay. Plenty of households with no or low earners. How are they going to afford to pay huge rents and house prices, especially now that the taxpayer won't pick up the housing benefit tab?

RUN_RABBIT_RUN

ability to pay will offset the supply issues

hence prices wont be going anywhere really for a few years to come

moneyinmypocket

Here here let's get those prices up buy while u can don't hold out for the house price crash it isn't going to happen folks

wotsthat

What the guy from Barratts said is that there is an 80,000 house/ year building shortfall - that doesn't seem too controversial.

Not sure where the million shortfall comes from. 80,000 x 4 = 320,000 building shortfall between now and the end of 2015. Does that mean we already have a shortfall of 680,000 houses?

Wait a minute - it's the Daily Mail - who cares?