Manifesto full of promises

Manifesto,Manifesto and Manifesto, we’ve had the Conservatives and Labour, today we have UKIP and Lib-Dem, the green party are putting theirs out on line, a confetti of promises which will all have to be looked at again on the basis that no party will have an outright majority, so they are all promises with a question mark attached.

The UK house price phenomenum continues in its upward spiral and the politicians are scurrying around promising the earth to try to deal with a major housing crisis, the new build supply consistently fails to keep pace with demand and  both Labour and Conservative over the last decade have been no better than each other.

We have the new proposal by David Cameron on right to buy for housing association tenants, it beggars belief that such a scheme should even be contemplated at a time when social housing is unable to meet demand, yes it may catch a few votes from those that benefit from short term monetary gain. The UK is without doubt in the grips of a population explosion driven by immigration which we all know was initated by the Labour party and which has continued to the present day, not all of that is the fault of Europe either.

The massive problem which exists for all those looking to buy a property is that houses are too expensive in terms of affordability, if population growth continues as it is there will be no bursting of any property bubble but more and more years of ever increasing property prices and a continued housing crisis.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Rightmove logo
Breaking News

Rightmove: New data – Most affordable cities to rent in

Hull tops the list as the most affordable city to rent in The city of Hull tops the list as Great Britain’s most affordable city to rent in, with the average advertised rent in the city now £799 per calendar month (pcm), 48% below the national average Second on the list of Great Britain’s most…
Read More
bank of england interest rate
Breaking News

Bank of England Money and Credit – December 2024

These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £1.0 billion, to £3.6 billion in December. Net…
Read More
Breaking News

Housing market gets off to its strongest start in three years, with new sales agreed up 12 per cent on 2024

The 2025 sales market has got off to a stronger start than in 2024 or 2023 with buyer demand up 13 per cent and 10 per cent more homes for sale Rising sales are supporting UK house price inflation which is +2.0 per cent in the year to December 2024, compared to -0.9 per cent…
Read More
for sale sign london
Breaking News

Westminster council must outline how their proposals on property boards will not hinder market

Westminster City Council must explain how their proposals to renew the existing Regulation 7 Direction and expand it to the whole borough will not hinder the sales and lettings markets, Propertymark argues. At present, some areas of Westminster are subject to a Regulation 7 Direction, which means consent from the Council is needed to display…
Read More
Breaking News

National Federation of Builders View on Chancellor’s Speech

At the Autumn Budget 2024, Chancellor Reeves scaled back her interference in the planning process. However, in her speech today, she returned to the position that a well-functioning planning system is crucial to not only enabling growth but, more importantly, sustaining it. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The…
Read More
Letting Agent Talk

Landlords and Tenants: A Balanced Relationship in the Private Rental Sector (PRS)

New findings from Leaders Romans Group’s (LRG) latest survey reveal a balanced picture of landlord-tenant relations in the UK. Contrary to negative stereotypes often portrayed, the data shows that tenants view their landlords positively while highlighting areas for improvement in communication and responsiveness. The survey found that 55% of tenants believe their landlord provides quality…
Read More