On one hand, people aren’t getting a place to live.
On the other, vast, rapacious construction companies aren’t making obscene profits out of desperate people. On which basis I say “Oh, no! …anyway, what’ll I have for lunch?”
daiwilly on
I have said it many times but until we sell new homes at cost plus 15% there will be little uptake. They are built badly and are too expensive.
ucardiologist on
Imagine 30000-50000 rich people (millionaires) leaving the Uk every year for Dubai or other Democratic countries what is that telling us?
Uk is going totally bankrupt
We have 4 million brits on benefits that can’t be arsed to work plus 1 million migrants in hotels that we are all paying for
Taxes and prices going through the roof just what do you expect to see?
dcrm on
Doesn’t surprise me. There’s no money in property anymore. Development is too expensive and regulations are too strict. This is going to happen with second hand properties too. Nobody will want to sell.
If the government doesn’t start building cheap social housing en masse, like apartment complexes then I foresee homelessness being a huge problem in the future…
OkMap3209 on
There are 4800 new build properties 10 miles away from zone 1 on rightmove. Almost 1/3 of them are over £1m. Less than 500 are freehold and don’t have bullshit service charges and ground rent. Around 250 are freehold and below £1m. Again in a 10 mile radius of london. It’s no wonder very few are selling when a shit ton of housing stock is ridiculous prices and have stupidly expensive hidden costs that noone wants to deal with. These developers are out of their mind.
Valuable_Tomato_2854 on
No surprises there, have you seen how much new builds cost
jimmykimnel on
Possibly what happens when you turn a capital city into a S hole? I’m not from there I don’t know I’m just speculating if thats whats happening.
ilikebiiiigdicks on
I live in Camden and there’s so much new development going on around me and I can’t afford *any* of it. Not even on shared ownership. I earn £50k a year and I’ve looked in to all the new construction going on and either none of it is available as shared ownership, or it’s just flat out beyond my reach.
Who is this property even for? Are there just way more rich people out there than I imagine?
the_smug_mode on
Half a million to live in a stabby ghetto and get your phone stolen twice a year. No thanks
insomnimax_99 on
This is happening because landlords are selling up and flooding the market because of incoming changes to government policy that will make being a landlord less attractive.
Good time to be a buyer, bad time to be a seller or renter – renters should expect higher than usual rent increases due to increased competition for fewer rentals.
tobylh on
It’s no good building the houses if no-one can fucking afford them, is it?
11 commenti
On one hand, people aren’t getting a place to live.
On the other, vast, rapacious construction companies aren’t making obscene profits out of desperate people. On which basis I say “Oh, no! …anyway, what’ll I have for lunch?”
I have said it many times but until we sell new homes at cost plus 15% there will be little uptake. They are built badly and are too expensive.
Imagine 30000-50000 rich people (millionaires) leaving the Uk every year for Dubai or other Democratic countries what is that telling us?
Uk is going totally bankrupt
We have 4 million brits on benefits that can’t be arsed to work plus 1 million migrants in hotels that we are all paying for
Taxes and prices going through the roof just what do you expect to see?
Doesn’t surprise me. There’s no money in property anymore. Development is too expensive and regulations are too strict. This is going to happen with second hand properties too. Nobody will want to sell.
If the government doesn’t start building cheap social housing en masse, like apartment complexes then I foresee homelessness being a huge problem in the future…
There are 4800 new build properties 10 miles away from zone 1 on rightmove. Almost 1/3 of them are over £1m. Less than 500 are freehold and don’t have bullshit service charges and ground rent. Around 250 are freehold and below £1m. Again in a 10 mile radius of london. It’s no wonder very few are selling when a shit ton of housing stock is ridiculous prices and have stupidly expensive hidden costs that noone wants to deal with. These developers are out of their mind.
No surprises there, have you seen how much new builds cost
Possibly what happens when you turn a capital city into a S hole? I’m not from there I don’t know I’m just speculating if thats whats happening.
I live in Camden and there’s so much new development going on around me and I can’t afford *any* of it. Not even on shared ownership. I earn £50k a year and I’ve looked in to all the new construction going on and either none of it is available as shared ownership, or it’s just flat out beyond my reach.
Who is this property even for? Are there just way more rich people out there than I imagine?
Half a million to live in a stabby ghetto and get your phone stolen twice a year. No thanks
This is happening because landlords are selling up and flooding the market because of incoming changes to government policy that will make being a landlord less attractive.
Good time to be a buyer, bad time to be a seller or renter – renters should expect higher than usual rent increases due to increased competition for fewer rentals.
It’s no good building the houses if no-one can fucking afford them, is it?