Baz1946:
Britain has been ordered by Brussels to build more houses – to cope with all the EU immigrants.
The European Commission warned the UK is heading for an ‘acute’ housing crisis caused by massive population growth.
It admitted that first-time buyers were being hit particularly hard and the situation could worsen, with official projections saying the UK needs at least 220,000 new houses a year. But, rather than acknowledging the clamour in the UK for stricter border controls to ease demand, the Commission ordered Britain to ‘take further steps to boost housing supply’.
The demand for more building is contained in a report into Britain’s housing market which was quietly slipped out on Wednesday.
Of course more media nonsense."
The last underlined couple of lines I find quite disturbing, as I wasn't aware the EU did underhand dealings.
Jokes apart, who is it that thinks they have found a problem? Like it's a fresh problem that has just arisen, when just about every sensible sane person in the UK has known of this problem for, what? The last 10 / 15 years or so....Oops sorry, it's not the sane one's that know of this, and want out..Is it?"
Mickyfinn,
Whilst you all like to dismiss reports such as this and the Immigration Deniers amongst you will be up in arms, Osborne and Co are a complete bunch of clowns who should go back to school and learn the basic principle of demand and supply. All the talk is about supply without addressing the demand issues. Successive governments haven't built enough homes, and schools, and hospitals to meet the demand. Lets look at real issues that affect real people living in the UK.
I had my house valued recently, a staggering £100k more I thought the valuation would be, £200k more than the last time I had it values about 4 years ago, meaning the house 'value' is up by 50% in the last four years. you do the math as they say.
My daughter and her husband have just moved house into a rental costing £1,675 a month from another rental that was £1,375 a month. The house they moved out of was bought by the owner for £235K in 2004 and has just sold for £425k.
In all cases I’m talking about suburban 3 bed semi's.
Osborne has warned that house values will go down by 18% if we Brexit, dishonestly the forecast is the effect on future house prices rises, not the effect on current house prices.
Being a realist, I would welcome a house price fall, it's fool's gold and when I downsize, It wouldn't worry me that the value of my house has gone down, proportionately, with other properties. Maybe the balance will sort my daughter (who is in her forties) and her husband out with a deposit. Problem is, high house prices mean unaffordable mortgages for more people than if the house prices were lower.
"Last Whites of the East End" is a documentary coming up on Tuesday at 10.45pm (UK) on BBC1. Should be an interesting program for those of you who don't understand the social and societal change in the UK which has been caused by mass migration.