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Rob R

Building boom

How is it looking everywhere else? People round here seem to be extending and re-building left, right & centre, presumably in a bid to spend excess funds.no smilies
dpack

york a bit but less than 5 yrs back
hudds ,seem to be more empty industrial sites and few domestic skipsno smilies
Behemoth

Big developments on hold. Lots of domestic stuff.no smilies
dpack

the domestic is maybe "we are here for a while it needs adapting "no smilies
Rob R

the domestic is maybe "we are here for a while it needs adapting "


Not round here it's not :?no smilies
onemanband

No shortage of domestic building work in Hertfordshire.
In the older parts of St Albans there's building work every few hundred yards. Loft conversions are big business there at the moment.
I suppose with a victorian 3 bed semi costing 500k spending 20-40k on a loft conversion is good value.no smilies
Nick

The 'house' builder I know has plenty of work, the 'stable' builder is out of work.no smilies
Shane

I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.no smilies
Rob R

I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.


I'd like to explain it that way but both these examples are massive houses already, with middle class occupants, mid-fifties to early sixties, one a couple, the other a couple with a teenage son. All nice people, not horrible property barons, but just... wow, not short of cash.no smilies
chicken feed

I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.

I'd like to explain it that way but both these examples are massive houses already, with middle class occupants, mid-fifties to early sixties, one a couple, the other a couple with a teenage son. All nice people, not horrible property barons, but just... wow, not short of cash.

this is and always has been the main stay of our work since the 1980's it could just be by that age you are settled where you are and just want to make your living space just the way you want it. moneys making nothing in the bank so spend it way of thinking atm is what we are seeing more and more of.no smilies
sean

Plus if you've got a decent amount of equity it's very cheap to borrow at the moment.no smilies Shane

moneys making nothing in the bank Makes less than that out here - there was an ad in this morning's paper about a high-interest savings account offering a whacking 2% interest right next to an article about how the official rate of inflation is currently sitting at 4% :lol:

Mind you, anyone that leaves a significant sum of money sitting around locally needs their head examined anyway!no smilies
Rob R

I guess we've got George Osbourne to blame for this. :|no smilies dpack

he may be a tory but the family firm do make nice wallpaper

http://www.osborneandlittle.com/no smilies
Tavascarow

A 5,000 home development over three sites.
Which will double the population of the local town, to be built over the next twenty years.
Currently on hold because the County Council planning strategy is under judicial review.
But will no doubt be resubmitted when that's past.
It's why I'm laughing at what has been dubbed the pasty war.
More people are upset that their pasty is going up in price than the fact the local environment, both human & natural, could change drastically in the near future.no smilies
Croatia Keith

onemanband, what part of Hertfordshire are you from?

St Albans & Welwyn were our old areas and talking to contacts still in the construction buisness around that way they are just about keeping their heads above water.

OK there is work to pay the wages etc but not much if any profit. A good time for investors I guess.no smilies
dpack

I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.

I'd like to explain it that way but both these examples are massive houses already, with middle class occupants, mid-fifties to early sixties, one a couple, the other a couple with a teenage son. All nice people, not horrible property barons, but just... wow, not short of cash.

early retirement payouts .redundancy payments .etc ?no smilies
bigpaul

very quiet in north devon, house on corner having some underpinning done, thats it and thats on a housing estate of about 200 houses.no smilies Rob R

I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.

I'd like to explain it that way but both these examples are massive houses already, with middle class occupants, mid-fifties to early sixties, one a couple, the other a couple with a teenage son. All nice people, not horrible property barons, but just... wow, not short of cash.

early retirement payouts .redundancy payments .etc ?

Nope, one is one of the owners of the golf club (who found out it was easier to knock down & start again than extend) & the other just keeps building a bit more on.no smilies
john of wessex

I think becaus it isnt easy to move at the moment people are getting the builders in rather than the estate agentsno smilies dpack

there is money about but im not sure about a building boom

a building sigh maybeno smilies
jema

It may also be the case that if you have the dosh, just where are you going to put it right now?
No point in a savings account, the stock market is hardly attractive, and few people have serious enough dosh to do buy to let, even if they would want to.
So extensions are at least a way of doing something safe with money.no smilies
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