From: JNugent73@mail.com 
  
 On 08/09/2025 10:59 AM, Roland Perry wrote: 
 > In message <109m84c$6u3c$1@dont-email.me>, at 10:37:15 on Mon, 8 Sep 
 > 2025, GB  remarked: 
 >> On 08/09/2025 08:03, Roland Perry wrote: 
 >>> In message <109kcl0$3pssh$2@dont-email.me>, at 16:42:09 on Sun, 7 Sep 
 >>> 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. 
 >> 
 >> 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. 
 > 
 > Near where I live is a green-field site with planning permission for 
 > five or six detached homes. Two previous developers have thrown in the 
 > towel, not having got beyond the foundations (but no roads). At the 
 > latest asking price for the land, nobody could build a house and make 
 > any profit at all. So nobody is. 
  
 So the land is priced too high. Economics 101, third week first term. 
  
 If the owners can tough it out until after the next general election, 
 that might be their better be for achieving a currently optimistic price. 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2)