RE: UK house prices surge above £350,000 as demand outstrips supply21 Mar 2022 19:59
I am sorry I was vague on the subject of total or net migration numbers. IThis was the result of government figures also being deliberately vague. They guess it using ststistical sampling. Like Covid numbers.
The relentless increase in the salary multiple rquired to buy an house is principally due to supply/demand which in turn is affected by other factors like investment, but it only remains a good investment with strong demand.
I have a suspicion that building more houses might not ease the pressure but simply increase immigration, the government are akin to a drug addict/alcoholic where feeding their needs is an ever upward spiral.
Many factors like demographics affect demand, but the figures show not much change there
26.4 million households 2011 @2.3 per house ( 9.5% of houses considered overcrowded)
27.8 million households in 2019 @2.39% per house (2020)
These numbers tell you that between these dates 3.3 million more people were housed with occupancy density slightly higher than when we were considered to be 9.5% overcrowded.
Boris wanted 250,000 new houses this year enough foe 597,000 miore people but only got about 216,00 for 512,000.
He wants another 300,00.
Or to put it another way he is planning yet bigger migration numbers unless the birthrate is also going to do a sudden upturn.
My point is and always was that this whole 'plan' is unsustainable, ill concieved nay dangerous n a world where security may be measured by your self sufficiency. The 'plan' also neglects the fact that the 1960 Britain had decades or centuries sometimes millenia of infrastructure ( roman A roads) and housing an extra 20 million people since the sixties requires a growth of infrastructure in housing! but also roads, railways, waterways, recreational facilities,sports grounds, schools, hospitals, shops, car parks, civil offices, power generation and grid, water, gas, food,
I could go on, but I think if we want our children to ever have a decent way of life, we are currently exceeding the speed limit in the wrong direction. I called it a ponzi scheme because the process, the expansion curve and the outcome are likely congruous.
He is building a new Hong Kong on Thames. Sweat shop UK
My figures only include England. NI, Scotland and Wales all add to flow.