London new builds number?

cells

NorthFin wrote: »

This would mean many households will struggle to meet their monthly payments. Many have got used to 300 years low interest rates, they have been kept too low for too long.


The real problem facing property owners with large mortgages is the deflationary spiral the world is now in.

Debts are going up, the opposite of what everyone was predicting when they were saying big inflation was coming, so take on lots of debt.

I would not want to have a large property portfolio at the moment unless there was very little debt remaining.

As an economy matures and develops interest rates naturally fall and its been trie for the last 25 years or so.

historically low rates makes perfect sense as we have historically high levels of capital

the new normal may well be 2-3% rather than 5-6%

cells

The-Joker wrote: »

London is classed as a mega city, just a lot smaller than Tokyo. But they areLondon g closer together, London is growing faster than Tokyo.

If all the new high rise blocks of flats get built in London like the Shard over the next decade then it will be a house building bubble like never before seen in the UK.

London fell to an occupancy rate of 2.0 in the 1990s

To return to that a London of 10 million population would need 5 million homes. We only have ~3.5 m in London now

So London could take 1.5m additional homes which is a huge number but probably what is needed by the year 2040.

The-Joker

cells wrote: »

Each individual borough in london can vary hugely from year to year from as few as 200 to as high as 2000.

ONS has data for new builds in London by year by borough

so you seeing lots of builds locally isn't much of an indication to London overall.

from memory last time I checked London was running at 15-20k new builds a year which is insufficient. Needs are closer to 50k a year

Is there any updated numbers for new builds added to the supply, minus demolished buildings?

cells

The-Joker wrote: »

Is there any updated numbers for new builds added to the supply, minus demolished buildings?

Yes the headline figure is net to keep it simples for the public but the ONS does break it down to gross figures etc