Even if you work, there is no one to buy

As you often hear, there is a line in the UK property market. Politicians would throw it on the radio, charity organizations would do it in their reports and journalists would write about it in newspapers.

Maybe you have been told. This is it: the demand for new homes exceeds the supply.

It is clear from one small detail that it is a true feeling, it is completely wrong.

Millions of people need houses. Not for debate. But confusion Desire with Desire It caused a major policy failure.

The government believes that there is a lot of demand for housing, and plans to build 1.5mn houses at the end of the parliament.

It’s a presentation entitled “If you build it, they will come” by Kevin Covernovaneal Stillians, when they move the reproductive body while they sleep in the wheat.

Indeed, who is the ghost of the baseball player “Strange” Joey, who speaks of the “come” old ball pipes, playing on the legends of the long-standing favor built on his farm?

For anyone who hasn’t seen it Field of dreamsI know that my conspiracy sounds. But the English property market to build the current English property market and to summarize us, the developers are wary of building the housing secretary – the housing secretary is what you are thinking of as a “baby building” baseball cap.

The sad fact is, despite the hat, if Steve’s job fails, the government job will be less than the target of 1.5 million, less than the target of 15 million. For this reason, he throws himself into the planning reform to cheat the system. He wants to plan, but the reason that not enough houses are built is not that not enough houses are bought.

Typically, those who build houses instead of the blind will only build what they can sell. And the builders who build the blocks have to sell a large amount of “plans” before they can even get money for the construction.

So when so many people are looking for a house, so many people are in the current housing market that they cannot afford to buy one, which is the problem of saving a high mortgage and deposit. The former is measured in millions of people, and the latter is measured in market-sales compilations, which may have stuck to about 120,000 a year in England.

So why don’t pets depreciate?

Because you will do anything about building a house – before you go there, you will overcome any problems.

Developers are promising. In the coming future, you need to be at the time of committing a large amount and money to projects that can only be realized in order to gain some level of profit. That means you can’t throw it at your prices, especially if the market will soon save it. A transaction at a lower price sets future mortgage rates and sales on the site. Instead, they turn to buyer discounts to offer discounts without affecting the price of the title.

In the year Before the 2008 financial crisis, developers were known to book developers on a Caribbean holiday. Unfortunately, those days are very strong in what the laws can give without knowing that the laws affected the price a long time ago.

But the end of incentives to help buy equity loan programs, especially for new large houses (if they sell for more than 70 dollars). With accumulated options, they process deposits, help with legal fees or transaction costs. Although they still occasionally get a small developer from sales.

But incentives can only go so far, and no developers have been accepted. Inflation rules that lead to higher interest rates.

The cost of building a new house revolved around the costs of materials and labor, while the people of the house faced the costs of control – all profit margins. In the absence of vision, constructions are related to the lower part of those who have the purchasing power to improve the chart and expect the market to improve.

Tolerance is not the same across the country. Research from Haravi PAPOP shows that the most expensive markets, like those in the UK, are more expensive. The problem is, dry erme stmnts are the places where the g yers are less likely to hit.

Things are even worse in London. Here is the only type of residence that will fulfill their financial capacity to build. But these require longer debts than houses and from the recent property tax and from which property tax and low property tax developments and low property tax and low interest homeowners do not want apartments designed by foreign investors.

To a certain extent, in one of the most desirable cities in the world, no one can afford to build anything they want to buy.

Profit margins are not large enough to compensate developers. A distributor is created where he delivers, and it takes a lot of time and money to turn it around.

So what is the solution?

In the previous Dewenturns, the government of the day to convert developments for sale to rent – private and affordable. It has helped to maintain the market potential, but most of the focus is on entering the pressure on prices. There is no such thing as unusual housing in this period – the private rental sector is an important means of financing for many developers, but the affordable price can be powerful.

More broadly, this problem requires a wholesale change in how we provide, fund and build new homes. But this is not going to take more time and money from the government, no matter what.

Instead of doing this, the government is investigating the needs of affordable housing for developers in London and we will get a new version of the relief to buy. This can get things moving, but maybe not enough to meet the 1.5mn indoor jet target.

This is the decision that this government, like everyone like him, is causing some degree of fear and that a little house inflation is exactly what we need. Therefore, it carries out a certain state of neighborhood stimulation.

I’ll give the housing secretary a year before the housing secretary actually drops the painted baseball bat “buy a baby”.

Neil Husson is a housing market analyst