South-West house prices higher than pre-recession peak

http://www.bbc.co.uk/news/business-29218870

And the Catch-22: the more new, expensive houses we build the higher the figure climbs.

Greenfield sites, pretty locations in the countryside = high prices and little chance of affordable homes

Brownfield sites in urban areas = lower prices and greater chance of affordable homes

Developers prefer greenfield, bigger profits. No incentive to build on brownfield sites.

Recipe for disaster?

One thought on “South-West house prices higher than pre-recession peak

  1. Let’s not forget that it is not only the developers who benefit from higher house prices … Graham Brown does too when he sells his house.

    Coincidence?

    We await some sort of answer from the police on that one.

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