What shortgage 421,306 homes built in a single year in france!

wotsthat

Graham_Devon wrote: »

Via statistics? Common Sense?

They have basically half (in terms of value, but then they also have lower value houses) the lending we do, but that's still a lot of residential mortgage lending, and can hardly be seen as a cash economy.

http://www.hypo.org/Objects/6/Files/HYPOSTAT%202011.pdf

IMO most of this building is in and around cities, high density and, from what I see, are pretty unpleasant - they have the look of the state about them - no mortgage involved.

Your point about lower prices and lower LTV's is correct I imagine but doubt it's relevant because the building isn't taking place in the French equivalent of a Devon village that you might be visualising (planning is even more restrictive than here). So think instead of loads of tower blocks being built in Plymouth.

HAMISH_MCTAVISH

In 2011, the UK had double the amount of residential mortgages issued per capita than France did.

So obviously the difference in building is caused by something else.

My bet would be social housing, in one form or another.

cells

wotsthat wrote: »

IMO most of this building is in and around cities, high density and, from what I see, are pretty unpleasant - they have the look of the state about them - no mortgage involved.

Your point about lower prices and lower LTV's is correct I imagine but doubt it's relevant because the building isn't taking place in the French equivalent of a Devon village that you might be visualising (planning is even more restrictive than here). So think instead of loads of tower blocks being built in Plymouth.

Please stop posting what your gut fells and look up the stats

The average French new build is 120sqm far larger than the average new uk build. For comparison the average uk home is about 70-80sqm

What struck me was that over half of the new builds in France were detached or semis. I am on my phone so I can't easily use the INSEE website right now but the data is there

So contrary to your assertion the French are building crap small social flats is the fact that they arw buolding larhe private homes

HAMISH_MCTAVISH

cells wrote: »

The uk would need 4.4 million homes to match Germany on homes per capita. As you can imagine if we had 4.4m homes for the se population as now rents would be far lower and tenure more secure

Cells.

We know.

This isn't hpc....

Most posters here are fully aware that there's a massive shortage of houses in the UK, and even most of the bearish types here now concede that the shortage is the main cause of higher house prices.

cells

HAMISH_MCTAVISH wrote: »

In 2011, the UK had double the amount of residential mortgages issued per capita than France did.

So obviously the difference in building is caused by something else.

My bet would be social housing, in one form or another.

Edit:

Also what does the number of residential mortgages issued tell you hamish????

How frequently we remortgage maybe?

So we remortgage twice as often
Seems to make sense as other nations supposidly fix for loger periods

Want to retract your ppst?

wotsthat

cells wrote: »

Please stop posting what your gut fells and look up the stats

The average French new build is 120sqm far larger than the average new uk build. For comparison the average uk home is about 70-80sqm

What struck me was that over half of the new builds in France were detached or semis. I am on my phone so I can't easily use the INSEE website right now but the data is there

So contrary to your assertion the French are building crap small social flats is the fact that they arw buolding larhe private homes

In the last three months 72,000 builds have started. At least 50% were collective housing units. I'd hazard a guess that these units are built in and around the cities.

I've spent some time in France and just don't know where all these large new builds are.

INSEE is a decent site by the way.

cells

wotsthat wrote: »

In the last three months 72,000 builds have started. At least 50% were collective housing units. I'd hazard a guess that these units are built in and around the cities.

I've spent some time in France and just don't know where all these large new builds are.

INSEE is a decent site by the way.

Yes it is a good site. Better than the ONS

It seems a huge build rate to us but it is only adding about 1.3 homes per 100 existing homes per year.

So a village of say 1000 homes adds 13 its not very noticilbe. Do it nation wide and you are at 400k builds pa

The uk needs to do the same. Grow its stock by 1.25-1.50% a year or about 340-410k units a year

BTW collective housing means flats, not cooperatives

M.Johnson_2

So half a million new homes could be built in this country in one year?

I wonder how many are being added to supply every yearat the moment?

Round my way there are blocks of flats going up all over the place

theEnd

Isn't the population of Europe expected to fall over the next few decades?

cells

M.Johnson wrote: »

So half a million new homes could be built in this country in one year?

I wonder how many are being added to supply every yearat the moment?

Round my way there are blocks of flats going up all over the place

The all time uk record was 420 something thousands in a single year bur tjat was a long time ago so we shoild be able to best that (as we have more people and technology os better than it was fifty ywara ago)

However over thw last 25 years we have seldom exceeded 200k and the average has been closer to 180k a year

The French average over the last 10 years has been just shy of 400k a year

And importantly they are building on average large homes. 120sqm vs oir new build average of 70-80sqm so not only are they building more bit thwy are building bigger and better