Lots of new houses coming to market.
Discussion
I keep an eye on the local property market. In the past month, the number of new homes coming to market has started to account for 50% of properties coming to market.
What is it like where you are?
I am seeing a lot of new build activity everywhere and I presume that this is the point at which it is all coming to market.
Equus said:
We're going absolutely mad with enquiries for extensions and remodelling of existing houses, which I've put down to the fact that everyone has spent the last three months at home, being irritated by the shortcomings of their existing properties.
I suspect that the same factor may account for at least some of the houses that are now coming on to the market?
It wouldn't account for NEW properties. I.e. new build.I suspect that the same factor may account for at least some of the houses that are now coming on to the market?
I am not sure whether the volume can be attributed to developers starting to market post-lockdown or the sheer volume of properties being built.
On a slightly different slant, what do you expect WRT the relaxation of planning laws?
Equus said:
Apologies. I misinterpreted your OP (that will teach me to respond to things before the first coffee of the day).
With new builds, I think it's simply a matter of developers restarting their marketing post lockdown.
Given that Boris couldn't govern his way out of a paper bag, I'm not expecting any relaxation of Planning to have any substantial effect. Even competent Governments who have tried before invariably end up just messing things up further, and given Boris' talent for f
king things up, I reckon he'll probably manage to do so to a spectacular degree.
Planning is complicated, and the bull-in-a-china-shop approach isn't a good one.
Could we read into this that you aren't fond of Boris?With new builds, I think it's simply a matter of developers restarting their marketing post lockdown.
Given that Boris couldn't govern his way out of a paper bag, I'm not expecting any relaxation of Planning to have any substantial effect. Even competent Governments who have tried before invariably end up just messing things up further, and given Boris' talent for f
king things up, I reckon he'll probably manage to do so to a spectacular degree.Planning is complicated, and the bull-in-a-china-shop approach isn't a good one.
I am intrigued regarding what they might do about retail to residential. I sense that it's something they are looking at. Have got to look at perhaps.
A couple of thoughts on this.
Firstly, I can entirely understand why people may have taken payment holidays that so far have been unnecessary.
No one knew how things were going to pan out. No one knew what government support there would be. Everyone was assured by the government that taking the holiday would not penalise them - or at least their credit file, which most people equate with their ability to borrow.
Secondly, I don't think it pays to be quite as smug as people on here are being.
If payment holidays have a big impact upon lending, it may paralyse the housing market, and that is in no one's interest. There will be enough challenges without that hindrance.
Our businesses are exposed to the housing market and I am sufficiently concerned that I dropped Rishi a line a couple of weeks ago.
Firstly, I can entirely understand why people may have taken payment holidays that so far have been unnecessary.
No one knew how things were going to pan out. No one knew what government support there would be. Everyone was assured by the government that taking the holiday would not penalise them - or at least their credit file, which most people equate with their ability to borrow.
Secondly, I don't think it pays to be quite as smug as people on here are being.
If payment holidays have a big impact upon lending, it may paralyse the housing market, and that is in no one's interest. There will be enough challenges without that hindrance.
Our businesses are exposed to the housing market and I am sufficiently concerned that I dropped Rishi a line a couple of weeks ago.
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