Housing shortage is a result of regulation restriction building and development. Those laws will eventually be reformed, although probably not until the situation becomes very desperate.
Not sure what link you're drawing here? The UK is forecast to leapfrog Germany and Japan in the in the next couple of decades, becoming the 4th largest economy in the world. The housing crisis is a major monopolistic market failure but, arguably, emblematic of the same Crony Capitalism, and light-touch regulation/legislation, that have made Anglo-America look like the success stories of the post-modern age (even if they do, in fact, have very sick balance sheets)
Lol who cares about the size of the economy, Norway, Germany, even with the migrant issues Sweden still poll higher in happiness, the thing that actually matters.
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do
Housing shortage is a result of regulation restriction building and development. Those laws will eventually be reformed, although probably not until the situation becomes very desperate.
Are they really? Everywhere I look they are building places to live.
In 2008 I moved into an area. I then moved away in 2011, already then they had added quite a few high rises. Came back again last year, the place is unrecognizable. Where before you could see the sky, there are multiple new high rises now.
My own personal experience, and just looking everywhere you can see they are building.
I also don't the myth of the green belt being the reason. There are plenty of cheap places outside you can go to, that are nowhere near being overcrowded.
It's just that everyone, and with that I mean everyone, the whole world, rich foreigners, wanting a property in London.
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do
LOLOL-sorry but I dont know which part of London you are talking about, coz where I live in London-houses start £660,000! I would kinda be living my dream if I find out which part of London you are talking about,...
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do
LOLOL-sorry but I dont know which part of London you are talking about, coz where I live in London-houses start £660,000! I would kinda be living my dream if I find out which part of London you are talking about,...
Houses on the outer boroughs of London start at £400k
LOLOL-sorry but I dont know which part of London you are talking about, coz where I live in London-houses start £660,000! I would kinda be living my dream if I find out which part of London you are talking about,...
Your parents must be at least decently well off. Chances are quite high that you will be too, then. So don't worry.
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do
Are they really? Everywhere I look they are building places to live.
In 2008 I moved into an area. I then moved away in 2011, already then they had added quite a few high rises. Came back again last year, the place is unrecognizable. Where before you could see the sky, there are multiple new high rises now.
My own personal experience, and just looking everywhere you can see they are building.
I also don't the myth of the green belt being the reason. There are plenty of cheap places outside you can go to, that are nowhere near being overcrowded.
It's just that everyone, and with that I mean everyone, the whole world, rich foreigners, wanting a property in London.
I lived in London for four years, basically in one room. I lived in what was built as a family home and then subdivided into eight one-room apartments.
It would have made more sense to have demolished the whole street and built an apartment block with thirty or forty apartments on the same footprint.
Can't do that, it's illegal.
Even where it's not strictly illegal, the cost of obtaining permits and sitting on capital waiting for permits exceeds the cost of actual work, and that cost is passed on to tenants.