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Debate House Prices
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FT- UK housing slump fears overplayed?
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baby_boomer wrote: »There were 160,000 total new builds in 2007 - so maybe 145,000 new build flats in 2006/7?
And not all on 100% mortgages
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There has been and will be a further price fall in these flats, but as the number of new builds falls off the cliff, there may also be a firming up in demand for the flats which have been built once a proper market has been established with hard prices rather than the former guesswork.
We remain a small island with an expanding population.
If there were 160k new builds and half were flats wouldn't the number of flats be 80k?
Re the thing of being a small island with a rising population: it doesn't follow that high house prices will result from that.0
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