War declared on land values

[Bill the Bass]

Its my opinion and I am entitled to it. I'm not at all bothered if you agree or not, there are plenty of published documents and studies that support my view.

 

[Grassman]

If it's actually of general interest, Grassman, perhaps a member of the staff might be able to move it?

@llamedos do you think so?

 

[Grassman]

Simple compromise. Let them take an area at a low price but then let us sell another area the same at the proper price.

 

[digger64]

That's E="Bill the Bass, post: 4780360, member: 1559"]And that's pretty much exactly my point. If Cumbria is dominated by white English people then how are immigrants driving up house prices? Indeed, the Eden valley,which is the most sparsely populated unitary authority in England, has an affordability ration the same as kensington.

Conversely, Boston in Lincolnshire, where it's well documented that there is a large population of migrant workers, has seen house prices fall by over 10% in the last ten years.

The housing market and subsequently the development land market, is predominantly about location and very little to do with the demographics of the 'demand'.

You've lost me on the Sellafield link, I don't know what point you are trying to make.[/QUOTE]
Thats because the people in Boston have retired to Cumbria perhaps with their pensions /saleries

 

[joe soapy]

The reasons for high house prices are mainly;
High levels of immigration
Right to buy
Housing benefits
and primarily quantitive easing which saw all the money printed being put into assets.
Land prices are just a symptom not a cause but this will be overlooked as politically, anyone owning land is an easy target.

The one thing in your list that has had the biggest effect is housing benifit.
For a long while it allowed an unemployed savvy family to tender a high rent for a property
safe in the knowledge that the state would pay. This started a chain reaction with landlords able to force rent higher, leading to higher house prices and again justifing higher rents in a visious spiral

 

[Wastexprt]

A couple of very interesting links here

https://www.ons.gov.uk/peoplepopula...s/articles/overviewoftheukpopulation/july2017

And

http://www.migrationobservatory.ox....nd-housing-in-the-uk-experiences-and-impacts/

 

[bankrupt]

A couple of very interesting links here

"Evidence on the impacts of migration on house prices in the UK remains inconclusive . . . . while migration may be associated with house price decreases at the local level, the out-migration of UK nationals to other areas could mean that on average, migration increases house prices across the UK as a whole".

Some good points, 360farmsupport.

However, in my opinion the rapid rise in UK house prices has been almost incidental to the rapid rise in UK land prices (notably by somewhat increasing the value of farms with farmhouses, by increasing the development land gain rolled over into farmland, and by direct capital transfer of city house price gain into the countryside).

Of far more importance have been the ZIRP (Zero Interest Rate Policy), CGT (Capital Gains Tax) rollover, the APR (Agricultural Property Relief), the BPR (Business Property Relief) and the BPS.

All five of these latter simultaneously now being under threat, quite clearly the future of UK land values is currently toast and the course of UK house prices will be of no further relevance to them.

 

[Wastexprt]

"Evidence on the impacts of migration on house prices in the UK remains inconclusive . . . . while migration may be associated with house price decreases at the local level, the out-migration of UK nationals to other areas could mean that on average, migration increases house prices across the UK as a whole".

Some good points, 360farmsupport.

However, in my opinion the rapid rise in UK house prices has been almost incidental to the rapid rise in UK land prices (notably by somewhat increasing the value of farms with farmhouses, by increasing the development land gain rolled over into farmland, and by direct capital transfer of city house price gain into the countryside).

Of far more importance have been the ZIRP (Zero Interest Rate Policy), CGT (Capital Gains Tax) rollover, the APR (Agricultural Property Relief), the BPR (Business Property Relief) and the BPS.

All five of these latter simultaneously now being under threat, quite clearly the future of UK land values is currently toast and the course of UK house prices will be of no further relevance to them.

Thank you. It's a massively complicated subject with about as many variables as farming

 

[bankrupt]

https://www.theguardian.com/busines...bulls-eye-by-betting-on-stock-market-collapse

Synchronicity, or what?

 

[Lincoln75]

Immigrants aren't pushing up house prices round here. The average house price in our village is in excess of £300k - well out of the reach of your average Syrian refugee, Romanian chamber maid or Lithuanian pot washer or the team of polish folk who milk cows on all the mega diaries.

The only Immigrants that are pushing up house prices here are solicitors and accountants and other professionals from the big smoke.

Its the immigrants ghetto lifestyles that cause down grading off once desirable areas and in turn it causes the more affluent to move further and further out of the once attractive cities .