From: JNugent73@mail.com 
  
 On 08/09/2025 10:37 AM, GB wrote: 
  
 > On 08/09/2025 08:03, Roland Perry wrote: 
 >> 2025, Jethro_uk  remarked: 
 >>> On Sat, 06 Sep 2025 22:15:52 +0100, Fredxx wrote: 
 > 
 >>>> The rental market will become more strained and rents will undoubtedly 
 >>>> increase. Some will exit the market and the supply further shrink. 
 > 
 >>> Unless a landlord blows up their property out of spite, one property 
 >>> taken off the rental market equals another on the market for a 
 >>> homeowner. 
 > 
 >> But there isn't a shortage of properties for owner occupiers to buy. 
 >> Quite the reverse. They've stopped much of the building on the new 
 >> estates surrounding Ely [sorry] because they can't sell the ones they 
 >> already have. 
 > 
 >> The council is making vague but probably unrealistic noises about 
 >> terminating their planning permission, and re-issuing it to a 
 >> developer who would build lower-priced homes. 
 > 
 >> More anecdata: there's a house in my GF's street which has been on the 
 >> market since at least the New Year, and my neighbour's house has been 
 >> since Easter. A empty bungalow round the corner has been on the market 
 >> for about a year, and another near-neighbour's house has only been 
 >> occupied the last few weeks, when the old lady vacated it to a care 
 >> home before the pandemic. Could have been probate issues though. My 
 >> GF's late mother's flat sold as recently as last week, but was 
 >> marketed in December, and there are several other flats in the block 
 >> which have been unsold that whole time. 
 > 
 > I'm in Sheringham N Norfolk at the moment, and there are quite a few new 
 > build houses languishing on the market at €€800k+. These are nice houses, 
 > 2000 sq ft or more, but local wages simply don't support that level of 
 > expenditure. 
  
 I wonder whether anywhere in England really has an average local wage 
 whis will allow the purchase of €€800,000 homes? 
  
 The point surely is that the sale of such houses is not aimed at the 
 average buyer, but rather at professional people and those who own 
 and/or manage very successful businesses. 
 > 
 > Assuming €€250 psf build costs, these cost over €€500k to build, plus 
 > there's the cost of the site, the cost of finance, etc. So, it's not 
 > obvious the developers can afford to reduce the prices much. 
 > 
 > The area has been set targets for building lots of houses, and the 
 > council is approving development of lots of infill sites. 
  
 The developers generally know what sort of thing will sell. Of course, 
 political threats of even higher taxation of homeowners by reference to 
 their home's value will not help with quick sales. And those houses are 
 likely to have been planned and built before the current kleptomaniac 
 government came to power. 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2)