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Debate House Prices


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Government must do more on affordable housing

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    shortchanged wrote: »
    OK fine. What I don't get is why does it cost so much more to build a house these days than say 12 years ago?

    The average build cost for detached houses is around £1000 per square metre.

    That is before the costs of planning, architects, fixtures and fittings, landscaping, driveways, utility provision, etc.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    HAMISH_MCTAVISH wrote: »
    The average build cost for detached houses is around £1000 per square metre.

    That is before the costs of planning, architects, fixtures and fittings, landscaping, driveways, utility provision, etc.


    So what was the average build costs back in 2000. Any idea?

    And if it was much lower, why?

    If it's not the plot prices affecting the end house price, then what is?
    Why are we here?......................because we are not all there.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    shortchanged wrote: »
    So what was the average build costs back in 2000. Any idea?

    And if it was much lower, why?

    If it's not the plot prices affecting the end house price, then what is?

    Why not do some of your own research? It seems like a subject you have an interest in.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    wotsthat wrote: »
    Why not do some of your own research? It seems like a subject you have an interest in.

    Why, worried by what I would find?
    Why are we here?......................because we are not all there.
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    shortchanged wrote: »
    Why, worried by what I would find?

    I don't think it's much to ask for you to understand your own argument.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    the_flying_pig wrote: »
    that's a useful chart but the problem is that it only goes back as far as 2007. i'm much more interested in comparing current lending with some kind of measure of 'normal' lending, whatever the heck that might mean than with the absolute peak of a bubble.

    I think the government's stated aim (this and the last one) was to increase lending. I took that to mean an increase in nominal lending over the level it was at the time that stimulus measures were introduced. The chart referenced shows that this just didn't happen.

    I'm not interested in looking for normal in the UK housing market - that's the road to madness.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    The average plot cost for housebuilders, as pointed out earlier in the thread, is around 33K.

    More like 50-60k from what I have seen.

    I dunno where you get your "facts" from sometimes.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    shortchanged wrote: »
    Why, worried by what I would find?

    I'm neither worried nor expecting that you'll bother trying to support your life view using the medium of data and debate.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    More like 50-60k from what I have seen.

    I dunno where you get your "facts" from sometimes.

    http://plc.taylorwimpey.co.uk/Resources/Documents/InvestorRelations/2012-02-29%20Full%20Year%20Results%20Presentation%202011-%20Website%20-%20FINAL.pdf

    Seems to be £38k in this but I've seen £33k in other reports. Some stuff on build costs too.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Big variations either side of that average.


    According to this link a typical house as suggested by HMT would be built on 0.10 of an acre. I would suggest this is bigger than the typical average so that would value average land at say £360k+ acre (33k/plot), whereas HMT example is £90K or 9k for the typical plot (sealed bid probably higher) and the Oxfordshire example I posted at £750k acre.

    Apples, pears and passion fruit.



    http://www.buildstore.co.uk/findingl...eexamples.aspx

    https://forums.moneysavingexpert.com/discussion/comment/59539231#Comment_59539231
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

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