Why the house price boom could hinder market renewal
Language: English Series: Regeneration and Renewal ; 2 September 2005, 18-21(4)Publication details: 2005Subject(s): Summary: Investigates the consequences of a sudden boom in property values in the nine housing market renewal pathfinder areas which were set up to raise house prices in areas blighted by abandonment and low demand. The pathfinders have found that the cost of buying and demolishing homes has doubled whist their funding has remained static. Questions whether the pathfinders still have a purpose and whether government will continue to support them. Many of the buyers in pathfinder areas are speculative investors, many sellers are home owners and landlords seeking to get out fast at high prices whereas the former residents removed from the pathfinder areas are facing severe affordability problems in booming house markets elsewhere. Case studies. Graphs cover house price rises in market renewal areas.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L130865 (Browse shelf(Opens below)) | 1 | Available | 130865-1001 |
Investigates the consequences of a sudden boom in property values in the nine housing market renewal pathfinder areas which were set up to raise house prices in areas blighted by abandonment and low demand. The pathfinders have found that the cost of buying and demolishing homes has doubled whist their funding has remained static. Questions whether the pathfinders still have a purpose and whether government will continue to support them. Many of the buyers in pathfinder areas are speculative investors, many sellers are home owners and landlords seeking to get out fast at high prices whereas the former residents removed from the pathfinder areas are facing severe affordability problems in booming house markets elsewhere. Case studies. Graphs cover house price rises in market renewal areas.