Why are houses in Britain so expensive yet so many are slummy, damp and not worth the money?

Answer 1

Good question. My thought on this is that houses are too bulky to be exported. If the Japanese or Germans, or even the Chinese could build and export houses, we would have high quality houses. The high quality imports will drive out of business those sloppy local builders. Look at our car industry! We have high quality cars on our streets and no locally owned manufacturers. With imported houses (if they could be done without being flat-apcked) our homes would be warmers, walls would meet squarely and be really level, better designed, etc., and cheaper.

Answer 2

The price of anything depends on supply and demand.
Housing demand exceeds supply most of the time but the gap between supply and demand is being dramatically widened due to the influx of hundreds of thousands of immigrants.
This being the case private landlords can still make a healthy profit by buying properties at high prices and renting them out as high-occupancy dwellings.
The result is that it is almost impossible to get a foot on the property ladder.
It cannot be too long before people will not be able to afford to rent privately either.
And all this is thanks to our crazy membership of the European Union.
When will the people of this country wake up and realise that there is no benefit to be had from being a member of this organisation.
If you want to change things, if you want to live in a land that puts the need of it's own people first, only UKIP have the will to get us out.
Join us or vote for us if you really want change.

Answer 3

An estate agent scam people stupidly went along with. Started in about 2000. Now they are rich and the rest of us are either looking at repossession or cant afford them at all. Its a pile of bricks not a Cruise ship you are buying.
House next door to my dads was worth £24,000 in 1999. In 2006 it was worth £151,000 with no improvements whatsoever. Something going on there think you not?

Answer 4

Its just market forces Bob.

Houses, like everything else, are prices according to what people are willing to pay. Its nothing to do with what they are worth, or even peoples abiltiy to pay.

Ther are many houses in poor condition around because there are people willing to buy them, so there is no incentive for the seller to look after or do them up.

The bubble will only burst if there are no people willing to buy houses when peole need to sell them. People have been predicting it for 100 years in the UK

Answer 5

They're expensive because land (esp in the UK) is a scarce resource.

Prices in general will rise to the price at which you only have as many buyers as there are houses for sale.

Answer 6

because there is a very high demand for housing in Britain and there is not a very big supply, its basic economics (supply and demand)

you know the worlds most expensive house is in the uk

Answer 7

has you might have notice.we are a small island.and there for
we. have a lack of space.in London.a double car park space
went for£300,0000.and a couple of years a go a house went
for 80 million pounds.

Answer 8

They are worth what people are prepared to pay, or the prices wouldn't be so high. Try another area, I hear Hull is cheap

Answer 9

Housing costs are a bubble and like all bubbles it will burst sooner or latter as is the nature of bubbles.

Answer 10

Supply and demand.