London new builds number?

TickersPlaysPop

Let's pls not use the word foreigners... maybe non UK resident is a nicer term?

To me it is absolutely crazy to allow non UK residents to buy residential property in a housing market that is already limited. It is adding extra pressure pushing prices higher, and that affects us all.

We cannot allow homes to be traded like simple commodities, houses are for people to buy, live in and to have something after years of Mthly payments. Not to pay rent until they die.

UserJong_2

so yes there are more new properties being added to supply than new high end jobs or people moving to London who can afford these new flats.

and each flat can have several people in each one.

TickersPlaysPop

I've lost count of the number of threads I've killed.

I guess you are all happy with more house price inflation... but you lot are only against it when the prices get so high that even you lot can't afford to buy and let it out?!

I am seriously thinking about investing for my daughters future and buying a buy to let myself, so she can at least have somewhere to live in the future without the need to pay rent. House prices are set to continue to increase for a long time and to a scarily high level.

UserJong_2

TickersPlaysPop wrote: »

I've lost count of the number of threads I've killed.

I guess you are all happy with more house price inflation... but you lot are only against it when the prices get so high that even you lot can't afford to buy and let it out?!

I am seriously thinking about investing for my daughters future and buying a buy to let myself, so she can at least have somewhere to live in the future without the need to pay rent. House prices are set to continue to increase for a long time and to a scarily high level.

I wouldnt bet on it mate. Not if all these new properties get added to supply.......

230 skyscrapers full of flats that nobody can afford

http://www.gizmag.com/london-skyline-skyscrapers-town-planning/31610/

there are not enough new jobs or people with that kind of money moving to london.

UserJong_2

hpifever wrote: »

The area surrounding the O2 is a construction site. I have never seen construction of the magnitude anywhere.

this is the case with every bit of unused land in London, not to mention the 200+ new skyscrapers full of luxury flats.

UserJong_2

Are there any updated numbers of new builds in London this year?

I wonder what the projected numbers are over the coming years? There does seem to be a new build bubble more than ever before.

Generali

UserJong wrote: »

Are there any updated numbers of new builds in London this year?

I wonder what the projected numbers are over the coming years? There does seem to be a new build bubble more than ever before.

Can you define what you mean by a new build bubble?

CLAPTON

if the increase in supply is more that the increase in demand one can look forward to a fall in price.

Bubble_and_Squeak

TickersPlaysPop wrote: »

I've lost count of the number of threads I've killed.

I guess you are all happy with more house price inflation... but you lot are only against it when the prices get so high that even you lot can't afford to buy and let it out?!

I am seriously thinking about investing for my daughters future and buying a buy to let myself, so she can at least have somewhere to live in the future without the need to pay rent. House prices are set to continue to increase for a long time and to a scarily high level.

don't be a fool, stephanie!
its a BUBBLE!
loot at the prices of new builds then look at reality
they're not selling anymore
in stratford they're cutting the asking prices of new builds which won't actually physically exist for another 18 months. i would imagine this is because they know that in 18 months time they'll be worth a whole lot less than they're are worth today.

NorthFin

Generali wrote: »

Can you define what you mean by a new build bubble?

The official definitions of a bubble are

1. popular mania
2. excessive debt
3. greater fool theory
4. high volumes at variance with intrinsic values
5. misallocation of resources
6. spend more because they "feel" richer

So looking at each of these definitions of a bubble, the bubble is not in new builds but property in general.