House Prices: New Record High - Nationwide +1% MoM +5.3%YoY

Jason74

padington wrote: »

If you take out the super prime London prices out the equation it's even better.

Or of course, depending on your point of view, even worse

CLAPTON

IveSeenTheLight wrote: »

Three points: -

1) They have in the past

2) Why can't they in the future

3) My point was they had not addressed the housing shortage. they could put in legislation or amends policies which promotes house building.

presumably the scottish government has no control over planning laws in scotland?

purch

HAMISH_MCTAVISH wrote: »

And just for CrashyTime....

Is Aberdeen still in the U.K. ?

I keep seeing that Scottish woman on the TV so I assumed she must have won :eek:

IveSeenTheLight

CLAPTON wrote: »

presumably the scottish government has no control over planning laws in scotland?

Why not try to stick to topic, which is the UK average house price.

Thrugelmir

IveSeenTheLight wrote: »

Three points: -

1) They have in the past

2) Why can't they in the future

3) My point was they had not addressed the housing shortage. they could put in legislation or amends policies which promotes house building.

In the post GFC era. The construction industry shed some 200,000 jobs. There is a shortage of skilled tradesman. Not least bricklayers now. To rebuild a workforce will take some years. In addition there's a shortage of production facilities to manufacture materials such as bricks and roof tiles. One brick manufacturer has only just recently used up it's stock piled bricks from 2008. As a consequence is investing again in ramping up production. Factories take time to construct and make operational.

If there isn't the climate post election for business to invest for the long term and training is given the neccessary focus to. Then the situation won't improve noticably. Governments can only provide the framework.

Post war was a very different era. With ex-serviceman seeking work. A far better equipped generation too. With far better level of skills.

lisyloo

There is a shortage of skilled tradesman. Not least bricklayers now.

Surely european bricklayers will come over if their is work?
Like the polish plumbers did when we had a shortage.

Thrugelmir

lisyloo wrote: »

Surely european bricklayers will come over if their is work?

What if they are already have work. Families to look after and children at school.

lisyloo

I thought there was high unemployment in Europe?
Typically (but not exclusively) those that come are without dependents.

CLAPTON

IveSeenTheLight wrote: »

Why not try to stick to topic, which is the UK average house price.

In case you haven't noticed, the NOes won the vote and Scotland is still in the UK

So the Scottish situation is relevant and those in Aberdeen are of particular interest to all of us.

Presumably you don't know anything about the Scottish situation : no surprise there as you seem to know nothing about Scotland at all, but maybe some-one who knows Scotland can tell us whether the 'government' building 200,000 homes will affect Scotland?

cells

marathonic wrote: »

If there really is a housing shortage, then prices must rise until builders simply cannot ignore the potential profits any more.

My question though is - where are all these people living that need the 1000's of houses you suggest we so desperately need? And by this, I mean people that could afford to buy the house if it was built - at current prices or even, for example, prices 20% below today.

about a million homes trade hands each year. The additional new builds will be sold into that very same market

typically what you find in more stable housing markets like france, is that the builders build big new homes and add supply to the top of the market

so a nice 4/5 bed detached new build home is built
someone buys that, selling often a smaller lessor home
That smaller lessor home is bought by someone, who themselves sold a smaller lessor home yet
etc


the people who will move into these homes are people in the current stock, we will live less dense. there was a good example in the 1970s when the population was completely flat for about 4 years in which time a million new homes were built. Those homes did not sit empty but allowed us to live less dense