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London new builds number?
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I know a few who have been borrowing more against their house, using it as an ATM. I hear this has been common. Sure fits definition of a bubble.
Have you any figures to show how many people are doing that because I only no one person who has and the vast majority are happily paying off their mortgages.0 -
I know a few who have been borrowing more against their house, using it as an ATM. I hear this has been common. Sure fits definition of a bubble.
BoE figures for September 2014 show secured lending up a whopping 1.63% year-on-year. Given that CPI was 1.2% for September 2014, I suppose that does mean that there was a 0.43% real increase in mortgage debt, but it doesn't look much like a bubble to me.0 -
The Uk has a higher proportion of owner occupation that the following general acknowledged very poor EU countries : Germany, Austria, Netherlands, Denmark, France, Poland, Sweden....
The UK has a higher proportion of owner occupation than Poland? Are you crazy?
Owner occupation in Poland is almost 84%, which is way, way above anything ever seen in the UK. The level of owner occupation is also higher in the Netherlands and Sweden for another thing.
The UK has a lower proportion of owner occupation than the European average.0 -
The UK has a higher proportion of owner occupation than Poland? Are you crazy?
Owner occupation in Poland is almost 84%, which is way, way above anything ever seen in the UK. The level of owner occupation is also higher in the Netherlands and Sweden for another thing.
The UK has a lower proportion of owner occupation than the European average.
it would probably be better if you read my posts in the context of the situation
e.g. I wrote
just as a hint, I don't really believe that Germany, Austria etc are actually generally acknowledged as 'very poor EU countries'.following general acknowledged very poor EU countries : Germany, Austria, Netherlands, Denmark, France, Poland, Sweden....0 -
They are knocking down lots too. It is barely a positive growth. Take into account the demand and won't ever be enough.0
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Talking to someone in the service industry in London, she says there is unprecedented numbers of new homes being built and planning on being built over the next ten years.
It is causing all sorts of problems for water and sewerage companies needing to upgrade the present systems cant handle all the extra demand.
When it comes to power the problem is more severe. If that number proposed really is built over the next ten years then London will be looking at an extreme power deficit.
I can see utility bills on the rise as much as property prices. Which is a awful lot.0 -
When it comes to power the problem is more severe. If that number proposed really is built over the next ten years then London will be looking at an extreme power deficit.
I thought we could easily import power?
Water and waste would seem more of an issue, but London's spent a lot on this over the last couple of decades.
What will happen if immigration slows or even reverses? Some of these new build estates could turn into ghost towns.0 -
I thought we could easily import power?
Water and waste would seem more of an issue, but London's spent a lot on this over the last couple of decades.
What will happen if immigration slows or even reverses? Some of these new build estates could turn into ghost towns.
Could import power but you still need infrastructure to get it where it is needed.
I don't think you will see ghost towns in London.0 -
I thought we could easily import power?
Water and waste would seem more of an issue, but London's spent a lot on this over the last couple of decades.
What will happen if immigration slows or even reverses? Some of these new build estates could turn into ghost towns.
More likely prices will tumble, especially when the new high speed trains are running. Why pay such high prices when the gap is so huge to buy a cheaper house far outside London, and still be able to commute in an hour or so for that high wage job in London.0
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