Cable Forum - View Single Post - Bank of England raises Interest Rate to 5%

tweetiepooh · 23-06-2023, 09:28

One problem is that property is thought of simply as an investment so if/when prices drop there is going to be an investment market with the resources to buy property. Sometimes the buyer will be people buying second/holiday homes and in other cases investment companies or developers who can weather the storm.
A further problem is that areas with housing capacity are areas people don't want to move to. I guess companies/department could relocate nearer those areas creating demand but a downside would be rising property prices that locals in lower paid jobs could no longer afford. We can't simply keep building in areas with high demand as the demand will likely never go away and the infrastructure and resources (eg water) are limited.

23-06-2023, 09:28	#20
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM XXL TV: VM XL Phone : VM XL Posts: 3,127	Re: Bank of England raises Interest Rate to 5% One problem is that property is thought of simply as an investment so if/when prices drop there is going to be an investment market with the resources to buy property. Sometimes the buyer will be people buying second/holiday homes and in other cases investment companies or developers who can weather the storm. A further problem is that areas with housing capacity are areas people don't want to move to. I guess companies/department could relocate nearer those areas creating demand but a downside would be rising property prices that locals in lower paid jobs could no longer afford. We can't simply keep building in areas with high demand as the demand will likely never go away and the infrastructure and resources (eg water) are limited. __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.