Home Owners > House Prices and the housing market

Not enough new homes being built.

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Philofacts:
Is a lack of reasonably priced land keeping house prices high?

In 1936-37 a record 370,000 new homes were built. Over 300,000 new homes were also built each year in 1951 to 1953.
Today only around 100,000 new homes are being built - a shortfall of 130,000 each year.

Reasons vary from the high cost and supply of development land to the lack of availability of first-time buyer mortgages.

Banjo:
There are not enough new homes being built.  The shortfall has been going on for years.

There will be a big shortage if something is not done soon. 
The effect will be to keep house prices high.

The Brickkicker:
Inevitably the market will decide these things for us

It is just a bit slow to react at the moment ....Due to the banks taking all the money in the economy and blowing it on Moet and Chandon
The rental market is taking up the slack in the system  which is good for what has been a bad few years for the rental sector

It is all swings and roundabouts at the moment ...and if I knew where its going to land ....then I would be a rich man

Philofacts:
It does look like the rental sector will support the housing market for some time.

Banjo:
Buy-to-Let to the rescue again!

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