UK & London VS France & Paris housing and HPI

cells

HPI From 2010-2015

Paris +23%
France +4%
ile-de-france** (excluding paris) +8%

Greater London +40%
England & Wales +11%
SE England +18%

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But this also masks the fact that house prices are already much higher here, the only data I could find was that in 2005 the average UK house was 75% more expensive than the average French house measured in euros. It must be closer to double by now

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Stock of housing

UK ~27.5 million units
France ~34.2 million units

Therefore France has some ~6.7 million more homes even though the two nations have almost the same population 65 vs 66 million

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The trend is also that France builds about 200,000 MORE homes than we do each and every year. So in ten years time the UK will have about 29 million units and France will have 37.5 million units by which time the UK and France will both probably have 70 million population

Generali

I'm not disagreeing with your data at all but I would like to point out that French people live differently to Brits.

The cities are all about apartment living. Many richer bourgeois families will have a second home either in the mountains or down south.

Also the French are abandoning vast parts of their countryside leaving empty, rotting houses behind. Much French house building will simply reflect that people want to live somewhere else: they leave a house empty forever and build a new one.

Still, the English need to get building. Pull your fingers out guys!

Mallotum_X

My parents retired to rural France, recently buying the run down and pretty much abandoned house next door for just a few thousand Euros (under 5k). The French in their part of the world are not interested in living in old drafty but quaint homes, so they sell them to the English and Dutch as holiday homes, or just leave them to rot.

As mentioned above, many people from their village long since left for Paris but kept the old family home to return to for the summer months or holidays.

buglawton

I could speculate that the UK has much more suburban spread than France, with our green belt forcing gaps so pushing the spread even further.

So in the UK jobs spread further out, thus helping outlying villages to stay alive.

S.E. England is heading to become like the Los Angeles basin but with green belts. Some people say that's a good thing.

michaels

cells wrote: »

... by which time the UK and France will both probably have 70 million population

Any data of relative rates of population growth? As I understand it the ons central projections based on the last census are already sharply on the low side for the UK.

Thrugelmir

London is France's 6th largest city. The high rates of income tax in France now. Makes living and being based in London very attractive. Only a short hope on Eurostar as well to conduct business.

cells

Generali wrote: »

I'm not disagreeing with your data at all but I would like to point out that French people live differently to Brits.

The cities are all about apartment living. Many richer bourgeois families will have a second home either in the mountains or down south.

Also the French are abandoning vast parts of their countryside leaving empty, rotting houses behind. Much French house building will simply reflect that people want to live somewhere else: they leave a house empty forever and build a new one.

Still, the English need to get building. Pull your fingers out guys!

I did not want to muddy the waters because most people will take the wrong message from this but....France has 2.5 million empty homes.

In the UK there are those that are short term empty and long term empty. The figures for which are about 0.3 million long term empty and about double that for short term empty.

anyway an affordable market needs empty homes. The old saying in hotels is, if your occupancy rate is 100% you are not charging enough. Well in the UK it seems the occupancy rate of homes is 99% so....we are not charging enough...aka prices are and will go up


a level of local empty homes is actually a sign of a healthy functioning market of good supply

isplumm

Mallotum_X wrote: »

My parents retired to rural France, recently buying the run down and pretty much abandoned house next door for just a few thousand Euros (under 5k). The French in their part of the world are not interested in living in old drafty but quaint homes, so they sell them to the English and Dutch as holiday homes, or just leave them to rot.

As mentioned above, many people from their village long since left for Paris but kept the old family home to return to for the summer months or holidays.

Hi

We bought a house in France a few years back - needed a complete renovation - now finished - I would say that few French would buy the kind of property the Brits buy in France - they want modern properties - not ones that are near ruin! But I do see that lots of properties are left to fall down - also the inheritance rules are different in France to the UK - which leads to land getting split up etc!

Mark