It never rains, but it pours.

theworriedwell

If the house you're buying has dropped in price to a similar level as the house you're selling I don't think it matters really.

Sadly house prices do have to fall because they are becoming more and more unaffordable for people who just want to get themselves a home.

A home, not an 'asset' that they depend on to rise in value and make them a profit; or that they can rent out very profitably to some poor soul who can't raise the money needed for a deposit but who has to pay rent for their home which could actually exceed what they might have had to pay in mortgage repayments.

If the house you're buying has dropped in price to a similar level as the house you're selling I don't think it matters really.

ronib

Properties are being built around here and advertised abroad as an investment opportunity. I would like to see that stopped. Homes for living in and for people living here please. Not bought up and lying empty!

I agree.

Housing estates have been built around here, they include a proportion of social housing. However, because not all the houses have been sold and the market is sluggish, they have been sold to Housing Associations.

More houses are planned and permission passed by just one vote. Some will be social housing, some for private sale.
Will they sell?

There is no point in building more and more houses without the infrastructure to go with the increase in population, especially road systems.

Good grief Babs 60K is a huge reduction and your neighbours dropping by 100K and still not selling is even worse .

Sorry some typos there.

The building market is incredibly slow, here in the South East houses are having to drop their prices by many thousands, all caused by government incompetence. In April stamp duty went up so everyone desperately rushed to buy and sell before April, afterwards there was a slump, add to this the fact that the market has become saturated by private landlords selling their properties because of new punitive legislation, and we have a real problem with the housing market.
Neighbours of ours first our their house on at £575,000 they have now reduced after very many months, ti £475,000, and it still hasn’t sold. We just sold ours but had to drop 60K. People are literally having to sell their properties at the price they bought them for 5/6 years ago.
Is ridiculous.

Properties are being built around here and advertised abroad as an investment opportunity. I would like to see that stopped. Homes for living in and for people living here please. Not bought up and lying empty!

Hands up everyone that hates this government. 😂

Breaking News
Rachel Reeves is in trouble for letting out her house unlawfully.
She is referring herself to ethics adviser over “inadvertent mistake”.

Reminds me of Angela Rayner’s little mistake. They are very good at those. 😉

MayBee70

It doesn’t help the environment if you get rid of a perfectly good petrol fuelled car purely so that you can replace it with an electric one. And heat pumps aren’t suitable for some houses.

No I think the idea is when the petrol car needs replacing you get an electric one.

I thought the OP was referencing wind generated energy not heat pumps.

It doesn’t help the environment if you get rid of a perfectly good petrol fuelled car purely so that you can replace it with an electric one. And heat pumps aren’t suitable for some houses.

FriedGreenTomatoes2

Hmm. Milliband. Seeing as his Doncaster home still had a gas boiler when he was ramming heat pumps down everyone's throats. And a Petrol car when doing the same with EVs.
And flying in private jets all over the world (admittedly as they all do!).

You will forgive many of us for not supporting net zero with sky-high domestic energy bills and the destruction of our heavy industrial base with world-high commercial energy prices.

I support net zero as I want a decent world for my grandchildren. Look at Jamaica, the damage is speeding up.

New development near me has slowed down building due to difficulty selling them, they've knocked £10k off the price and all sorts of incentives. If people aren't buying builders aren't going to build. The housing market seems very slow.

Hmm. Milliband. Seeing as his Doncaster home still had a gas boiler when he was ramming heat pumps down everyone's throats. And a Petrol car when doing the same with EVs.
And flying in private jets all over the world (admittedly as they all do!).

You will forgive many of us for not supporting net zero with sky-high domestic energy bills and the destruction of our heavy industrial base with world-high commercial energy prices.

I think it’s been a really dismal first year for Labour.The Budget soon and I wonder what more mistakes will be made.The only light on the horizon is that Reeves now has two economists to help her.

I agree with you Monica am Just an ordinary person not an expert but the sheer amount of promised housing always sounded unlikely from the off and Ed Miliband and his tunnel vision green ideas were always preposterous !
Now we see those things falling apart.

I have no idea what the Tory party promised, nor do I beleieve anything Reform says they are run by a charlatan and we know they are always liars.

What irritates me about this government and others, I hold no candle for the Conservatives is that so often as described here, governments are told what the situation is, but choose to ignore it, making their fall from grace so much worse.

What particularly irritates me about Labour is that they are the party of wishful thinking. They set these huge housing target but despite what people advise them they fail to factor in that with so many of these houses being sold on the open market, achieving these high build rates is dependent on a buoyant housing market and that when economic conditions have been as they have been over the last 2 years, the market for homes, old or new has been slow to static and in these conditions. Housing targets have to be revise - downwards.

The samw with windpower. The government had been told for a considerable time that their figures were over estimated, but they were so in love with the incorrect figures that they refused to face reality until the critical point where having to down scale them, not only makes them look foolish but is very expensive as well.

Unfortunately most parties make election promises that are over-ambitious Do any governments meet their promised targets when they are in power? Can you tell us which election promises the last Tory government met?

The reality of being in government, with all its complexities, makes targets made in the heat of an election campaign difficult or impossible to achieve.

Reform is currently making ridiculously wild promises in the unlikely event of winning a general election.

People have short memories.

What about the promises of the Brexit campaign written on the side of a bus?