- Aug 24, 2020
- 7,451
To continue, the demographic paths Japan and UK have taken have been very different. UK population was set to fall in the 1970s, but it didn't happen. Birth rates, helped by migration, began to climb, and demand for housing began to climb.
By 1999, the UK passed a milestone. It was the first year that the nation could no longer accommodate all its citizens. Since then, house prices have been a function of demand outstripping supply, and prices rising rapidly in thin volumes.
Today, societal trends that affect demand, supply and price, include a steady decrease in household size, a slowdown in the rate of household formation (due partly to necessity), and rate of housebuilding.
Be aware of local demand and supply as well. A 3-bed Victorian terrace in Fiveways, Brighton: £800,000. Same house in Newhaven: £350,000.
By 1999, the UK passed a milestone. It was the first year that the nation could no longer accommodate all its citizens. Since then, house prices have been a function of demand outstripping supply, and prices rising rapidly in thin volumes.
Today, societal trends that affect demand, supply and price, include a steady decrease in household size, a slowdown in the rate of household formation (due partly to necessity), and rate of housebuilding.
Be aware of local demand and supply as well. A 3-bed Victorian terrace in Fiveways, Brighton: £800,000. Same house in Newhaven: £350,000.