Governments don't want to do anything about it, as plentiful cheap EU labour, pushes down wages and keeps them low. This is a part of the reason for a 9% drop in real wages in the UK since 2007. It also highlights where Labour encouraged this how they have abandoned their roots and treat the British working man with contempt. At the moment wages are rising at about 1% per year and the massaged inflation figure is 2.7% or more realistically for the absolute essentials of water, food, energy and a roof over ones head 5 to 10%. I find things that are dropping in price like 40" TV's very unappetizing and they are a bit small for a roof.
It is not only in London that house prices are going up rapidly, but according to a chart on a local estate agents website in Sandhurst houses above £350k have gone up by 11-12% in 9-10 months, whereas £150k flats have hardly gone up. There are about 8,000 properties in Sandhurst and the biggest of our local estate agents has 19 for sale in Sandhurst itself. Normally, a realistically priced property will sell within a week and where there is a real shortage of rented accommodation someone will take it within 24 hours.
I blame it on all of those well paid Londoners that are moving into Surrey, Hampshire and Berkshire commuterland, not mentioning any names of course.
Author
Topic: Crowded Britain (Read 5144 times)