PLEASE READ BEFORE POSTING
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
New build affects on house prices in village
baldemort
Posts: 31 Forumite
Hello there folks.
Just interested in opionons on how new property build affect house prices in villages. I live in a large village in the Midlands and there are set to be hundreds of new homes built along with a new medical centre and supermarket etc over the next 7 or 8 years. Was just wondering whether this tends to have a large negative effect generally on house prices in people's experience. You'd think the prices would drop with supply and demand etc, but who knows...
Just interested in opionons on how new property build affect house prices in villages. I live in a large village in the Midlands and there are set to be hundreds of new homes built along with a new medical centre and supermarket etc over the next 7 or 8 years. Was just wondering whether this tends to have a large negative effect generally on house prices in people's experience. You'd think the prices would drop with supply and demand etc, but who knows...
0
Comments
-
Depends on the house you own there already, what's being built, whether the new build is in keeping with the village ethos.... dozen more factors.
If you own a nearly-newbuild, it'll probably devalue it slightly. If it's older than 1900, it may well increase the value. Gaining a medical centre will outweigh that, and be heavily beneficial to prices, a supermarket also.0 -
who knows...
We don't, that's for sure.
Plans for 35 houses have just been approved in my small village.
The people closest to this proposed development have stuck their house on the market at about £50k more than they paid two years ago...
The thing is, if small villages don't have new developments, they lose public facilities, pubs etc and end up full of old, comparatively rich people. It's great for them and the crime figures, but places can become dead on their feet.
Yours is a larger village, so a few extra facilities, like a health centre, will probably be viewed as a Good Thing.0 -
Is it a Waitrose?0
-
There is a happy medium of small enough to be small, but not so small it doesn't have everyday facilities that "everywhere" has. I have read that the optimum figure for a settlement is around 15,000 people (as that number of people should mean everything necessary is there - but not be too big),
A place can be smaller and still liveable in if there is somewhere bigger readily accessible nearby basically imo and it has at least regularly-required facilities on the spot or a good bus service.0
This discussion has been closed.
Categories
- All Categories
- 346.1K Banking & Borrowing
- 251.1K Reduce Debt & Boost Income
- 451.1K Spending & Discounts
- 238.1K Work, Benefits & Business
- 613.2K Mortgages, Homes & Bills
- 174.5K Life & Family
- 251.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards