Sellers outnumber buyers 15:1

WTF?_2

magicdogsbrain wrote: »

There are houses sitting empty but there is still a severe housing shortage.

There are 55000 new households being created every year more than the number of houses being built.

Not saying that everything is rosey - just trying to remain objective.

Absolutely - the tent cities in our parks are evidence enough of that :rolleyes:

Generali

johnycoldears wrote: »

Interesting this supposed severe housing shortage, when the attached money week article reckons there are up to 840,000 empty homes in the UK.

http://www.moneyweek.com/file/39435/think-twice-before-tackling-a-derelict-property.html

Add to that all the Poles heading home for a better life and I think this housing shortage might be a tad overstated

According to a piece in the Times a while back the UK has one of the lowest rates of housing vacancies in Europe. Annecdotally that seems reasonable - if you drive round France or Ireland for example there seem to be loads of empty places.

jellybubble

Yes there is a terrible overcrowding problem. Mostly people who can't afford to buy are affected by this but it is a kind of "hidden homelessness".

The housing market was still bound to hit a point when prices would fall though with the nonsense lack of financial regulation and lack of affordable housing planning we've had.

amcluesent

350,000 to become 'unwaged' in the next 12-18 months

The UK could lose 350,000 jobs and see almost £1bn wiped off company profits, according to research based on the forecasts of business leaders.

That's a lot of distressed sellers and a lot of peeps who are too scared to spend money in case they're next!

50% HPC by 2011 outside the M25!

IveSeenTheLight

amcluesent wrote: »

50% HPC by 2011 outside the M25!

Hmmm.....
I'm interested to know why you think there will be 50% HPC outside of the M25.
What do you predict for inside the M25?