Housing market - Revision history

Designing Buildings at 07:53, 9 February 2021

2021-02-09T07:53:01Z

← Older revision		Revision as of 07:53, 9 February 2021
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	* Types of dwelling.		* Types of dwelling.

−	[[Category:Procurement]] [[Category:Property_development]] [[Category:Public_procedures]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Procurement]] [[Category:Property_development]] [[Category:Public_procedures]]

Editor at 17:01, 29 August 2019

2019-08-29T17:01:27Z

← Older revision		Revision as of 17:01, 29 August 2019
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−	[[File:House-with-for-sale-sign.jpg]]	+	[[File:House-with-for-sale-sign.jpg\|link=File:House-with-for-sale-sign.jpg]]

	= Introduction =		= Introduction =
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	* Housebuilder.		* Housebuilder.
	* Housing associations.		* Housing associations.
		+	* Housing ladder.
	* Residential definition.		* Residential definition.
	* Smart home.		* Smart home.

Designing Buildings at 13:47, 19 June 2019

2019-06-19T13:47:40Z

← Older revision		Revision as of 13:47, 19 June 2019
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−	{\|	+	[[File:House-with-for-sale-sign.jpg]]
−	\| [[File:~~Cohousing2~~.jpg]]	+
−	\|}	+

	= Introduction =		= Introduction =

−	The housing market stock includes privately-owned houses and apartments, privately rented and public-rented accommodation, as well as housing association property.	+	The term ‘housing market’ is used to describe the state of transactions in a particular area concerning the housing market stock. The housing market stock includes privately-owned houses and apartments, privately rented and public-rented accommodation, as well as housing association property.

−	The term ‘housing market’ is used to describe the state of all transactions in a particular area concerning the buying and selling of homes, whether private- or public-sector. It will encompass things such as finance, interest rates, confidence, mortgages, and supply and demand.	+	= Factors affecting housing market health =

−	A major factor influencing the housing market is the level of confidence that exists around the buying and selling of homes. Thus, a depressed market will not only involve fewer house-buying transactions and possibly lower house prices, but also low investor expectations for the short – and possibly medium - term.	+	=== Confidence ===

−	~~= Factors affecting~~ housing market ~~health =~~	+	A major factor influencing the housing market is the level of confidence that exists around the buying and selling of homes. Thus, a depressed market will not only involve fewer house-buying transactions and possibly lower house prices, but also lower investor expectations for the short – and possibly medium - term.

	=== Interest rates ===		=== Interest rates ===

−	When low, mortgages will be cheaper and so more ~~desirable~~. They ~~will~~ remain ~~cheap~~ if the economy is weak, with no or fewer ~~hikes~~ in interest rates. High interest rates increase the cost of mortgages, deterring some buyers from entering the market.	+	When low, mortgages will be cheaper and so more affordable. They tend to remain cheaper if the economy is weak, with no or fewer increases in interest rates. High interest rates increase the cost of mortgages, deterring some buyers from entering the market and making property less affordable.
		+
		+	Interest rates will also affect the ability of developers to raise the finance necessary to construction new housing.

	=== Supply - the number of homes being built ===		=== Supply - the number of homes being built ===

−	Like all markets, housing is affected by the interplay between supply and demand. When the supply is high, prices tend to be lower and vice-versa. If not enough homes are built over an extended period, the result could be ~~an acute~~ shortage of homes and a rise in the number of people renting.	+	Like all markets, housing is affected by the interplay between supply and demand. When the supply is high, prices tend to be lower and vice-versa. If not enough homes are built over an extended period, the result could be a shortage of homes and a rise in the number of people renting.

	=== Economic growth ===		=== Economic growth ===

−	Higher economic growth usually brings rising incomes, with more people having more money to spend on housing, increasing demand and pushing-up prices.	+	Higher economic growth usually brings rising incomes, with more people having more money to spend on housing, increasing demand and pushing-up prices. However, this may in turn lead to increases in interest rates and so the cost of mortgages.

	=== Mortgage availability ===		=== Mortgage availability ===
Line 39:		Line 39:
	=== Stamp duty ===		=== Stamp duty ===

−	When it is low – or non-existent depending on the home price – more buyers will come into the market.	+	When it is low – or non-existent depending on the home price – more buyers will be likely to come into the market. However, stamp duty has progressively increased as house prices have increased and it is now a very significant deterrent to buying property. In expensive areas such as London, stamp duty can be many tens of thousands of pounds, and home owners are more likely to 'improve not move' as investment in improving their property is likely to be returned on its eventual sale, whereas stamp duty is a direct and unrecoverable loss, often paid out of income that has already been taxed.
−		+
−	~~=== Confidence ===~~	+
−		+
−	~~Market confidence may act~~ as a ~~brake on growth~~. ~~The housing market will~~ likely ~~only pick up when confidence returns~~.	+

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
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	* Affordable housing.		* Affordable housing.
	* British post-war mass housing.		* British post-war mass housing.
−	* Building.
	* Domestic building.		* Domestic building.
	* Dwelling.		* Dwelling.
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	* Housebuilder.		* Housebuilder.
	* Housing associations.		* Housing associations.
−	* Housing standards review.
−	* Minimum space standards.
	* Residential definition.		* Residential definition.
	* Smart home.		* Smart home.
	* Terraced houses and the public realm.		* Terraced houses and the public realm.
	* The future of housing.		* The future of housing.
−	* The history of fabric structures.
	* Types of dwelling.		* Types of dwelling.

	[[Category:Procurement]] [[Category:Property_development]] [[Category:Public_procedures]]		[[Category:Procurement]] [[Category:Property_development]] [[Category:Public_procedures]]

Editor at 17:55, 22 May 2019

2019-05-22T17:55:01Z

← Older revision		Revision as of 17:55, 22 May 2019
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		+	{\|
		+	\| [[File:Cohousing2.jpg]]
		+	\|}
		+
	= Introduction =		= Introduction =

Editor at 17:53, 22 May 2019

2019-05-22T17:53:44Z

← Older revision		Revision as of 17:53, 22 May 2019
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		+	= Introduction =
		+
	The housing market stock includes privately-owned houses and apartments, privately rented and public-rented accommodation, as well as housing association property.		The housing market stock includes privately-owned houses and apartments, privately rented and public-rented accommodation, as well as housing association property.

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	* The history of fabric structures.		* The history of fabric structures.
	* Types of dwelling.		* Types of dwelling.
		+
		+	[[Category:Procurement]] [[Category:Property_development]] [[Category:Public_procedures]]

Editor: Created page with "The housing market stock includes privately-owned houses and apartments, privately rented and public-rented accommodation, as well as housing association property. The term ‘h..."

2019-05-22T17:52:45Z

Created page with "The housing market stock includes privately-owned houses and apartments, privately rented and public-rented accommodation, as well as housing association property. The term ‘h..."

New page

The housing market stock includes privately-owned houses and apartments, privately rented and public-rented accommodation, as well as housing association property.

The term ‘housing market’ is used to describe the state of all transactions in a particular area concerning the buying and selling of homes, whether private- or public-sector. It will encompass things such as finance, interest rates, confidence, mortgages, and supply and demand.

A major factor influencing the housing market is the level of confidence that exists around the buying and selling of homes. Thus, a depressed market will not only involve fewer house-buying transactions and possibly lower house prices, but also low investor expectations for the short – and possibly medium - term.

= Factors affecting housing market health =

=== Interest rates ===

When low, mortgages will be cheaper and so more desirable. They will remain cheap if the economy is weak, with no or fewer hikes in interest rates. High interest rates increase the cost of mortgages, deterring some buyers from entering the market.

=== Supply - the number of homes being built ===

Like all markets, housing is affected by the interplay between supply and demand. When the supply is high, prices tend to be lower and vice-versa. If not enough homes are built over an extended period, the result could be an acute shortage of homes and a rise in the number of people renting.

=== Economic growth ===

Higher economic growth usually brings rising incomes, with more people having more money to spend on housing, increasing demand and pushing-up prices.

=== Mortgage availability ===

When banks and other lenders tighten mortgage availability, housing market activity becomes depressed and demand drops.

=== Affordability (house prices/earnings ratio) ===

The more take-home pay is spent on a mortgage, the more unaffordable housing becomes. This can be a deterrent to potential buyers. Affordability is a much-discussed subject and potential buyers are acutely aware when homes are unaffordable.

=== Location ===

Location always has a huge influence on desirability and therefore price: a sought-after area may not be subject to the fluctuations experienced by other less-desirable areas.

=== Stamp duty ===

When it is low – or non-existent depending on the home price – more buyers will come into the market.

=== Confidence ===

Market confidence may act as a brake on growth. The housing market will likely only pick up when confidence returns.

= Related articles on Designing Buildings Wiki =

* Affordable housing.
* British post-war mass housing.
* Building.
* Domestic building.
* Dwelling.
* Flat definition.
* Home ownership.
* Household.
* Housebuilder.
* Housing associations.
* Housing standards review.
* Minimum space standards.
* Residential definition.
* Smart home.
* Terraced houses and the public realm.
* The future of housing.
* The history of fabric structures.
* Types of dwelling.