France overtakes UK in homeownership

cells

ukcarper wrote: »

Do you know the methods that the two organisations you quote are the same.

The exchange rate is more likely to impact the analysis than the methods used to determine the average price of homes in each nation

it would be better to try and quantify it relative to GDP/head.
UK is ~£27,500 GDP per person while France is ~35,500 Euro per person

Makes London ~18.2 x GDP
Makes Ile-de-France ~8.1 x GDP

Makes Outside London ~5.2 x GDP
Makes outside Ile-de-France ~4.6 x GDP

So London is clearly far more expensive than its counterpart Ile-de-France

Outside London is 'only' 0.8x GDP more expensive than outside Ile-de-France. However dont forget that you get more house too so you pay 0.8x GDP less in France for outside Ile-de-France than outside London, but you also get a larger house

ukcarper

cells wrote: »

The exchange rate is more likely to impact the analysis than the methods used to determine the average price of homes in each nation

it would be better to try and quantify it relative to GDP/head.
UK is ~£27,500 GDP per person while France is ~35,500 Euro per person

Makes London ~18.2 x GDP
Makes Ile-de-France ~8.1 x GDP

Makes Outside London ~5.2 x GDP
Makes outside Ile-de-France ~4.6 x GDP

So London is clearly far more expensive than its counterpart Ile-de-France

Outside London is 'only' 0.8x GDP more expensive than outside Ile-de-France. However dont forget that you get more house too so you pay 0.8x GDP less in France for outside Ile-de-France than outside London, but you also get a larger house

I think you are being to simplistic you need to know the make up of the properties and other variables.

cells

Just some interneting

GDP £24.4k outside London, £45k inside
House prices £142k outside London, £500k inside
London GDP to house prices = ~11 x
Outside-London GDP to House prices = 5.8 x

GDP 31k Euro outside Ile-de-France 53k Euro Inside
House prices outside Ile-de-France ~170k euro inside ~290k euro
Ile-de-France GDP to house prices = 5.5x
Outside Ile-de-France GDP to house prices = 5.5x

there will be some rouding off errors but it should not be large

We find that inside or outside Ile-de-France homes cost 5.5x GDP. Outside London its 5.8x GDP so close!
In London the monster jumps to ~11 x GDP

CLAPTON

cells wrote: »

Just some interneting

GDP £24.4k outside London, £45k inside
House prices £142k outside London, £500k inside
London GDP to house prices = ~11 x
Outside-London GDP to House prices = 5.8 x

GDP 31k Euro outside Ile-de-France 53k Euro Inside
House prices outside Ile-de-France ~170k euro inside ~290k euro
Ile-de-France GDP to house prices = 5.5x
Outside Ile-de-France GDP to house prices = 5.5x

there will be some rouding off errors but it should not be large

We find that inside or outside Ile-de-France homes cost 5.5x GDP. Outside London its 5.8x GDP so close!
In London the monster jumps to ~11 x GDP

isn't that because most of the French live in London?

Jonbvn

cells wrote: »

ignore that guy I feel he is my sad internet stalker tries to find and post opposite of what i post. Clearly France is more affordable than England. France and England are similar GDP/capita

You little Englanders boil my blood...:o

antrobus

cells wrote: »

ignore that guy I feel he is my sad internet stalker tries to find and post opposite of what i post. Clearly France is more affordable than England. France and England are similar GDP/capita...

Once again, faced with evidence that challenges your preconceptions, you simply dismiss it, and resort to abuse.

Generali

cells wrote: »

Just some interneting

GDP £24.4k outside London, £45k inside
House prices £142k outside London, £500k inside
London GDP to house prices = ~11 x
Outside-London GDP to House prices = 5.8 x

GDP 31k Euro outside Ile-de-France 53k Euro Inside
House prices outside Ile-de-France ~170k euro inside ~290k euro
Ile-de-France GDP to house prices = 5.5x
Outside Ile-dtuts idea ee GDP to house prices = 5.5x

there will be some rouding off errors but it should not be large

We find that inside or outside Ile-de-France homes cost 5.5x GDP. Outside London its 5.8x GDP so close!
In London the monster jumps to ~11 x GDP

It'd be interesting to compare price per square metre (or cubic pole or whatever it is that gets used in the UK these days). Houses in France outside Paris and a few other big cities I would imagine are far bigger than in the UK. Paris vs London? Not so sure. Parisians basically all live in apartments whereas London has (comparatively) sprawling suburbs often with large gadens out the back.

SkyeKnight

antrobus wrote: »

Only by the ignorant. France is not Germany, and never has been.

Not even Germany is Germany any more. The home ownership rate in Germany is now less than 10% smaller than the UK and increasing quite rapidly. There seems to be a general consensus that with rents increasing well above inflation and money in the bank getting no interest that the best idea is to buy - and that seems to be leading to a small boom in house prices and panic buying (not quite London style but certainly things get snapped up very quickly and even over asking price on some occasions which never happened in the past). If trends continue they way they have in the last decade, even Germany will have a higher home ownership rate within 10 years of now!

nowakee

The UK is simply failing to produce sufficient bricks..., never mind houses.

cells

nowakee wrote: »

The UK is simply failing to produce sufficient bricks..., never mind houses.

If there is a shortage in England. I figure you could move the bricks from France for <4p a brick and they must have an excess capacity as this year they have built 10s of thousands fewer than they normally do. So no reason that it should be a limit

Edit: If it costs 4p a brick to import them it means an average terrace house would cost ~£140 more to build with imported rather than domestic bricks. Which is a negligible cost in a £250,000 new build