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Not News
House Purchase is Britain's Top Spectator Sport
Written by fellpony
18 February 2007
House prices rose by 0.3% in January, the slowest pace for eight months, according to the Nationwide.

The modest rise cut the annual rate of house price inflation to 9.3%, down from December's figure of 10.5%. The building society said the market was showing its first signs of cooling following recent interest rate rises.

Source: BBC web site 30 January 2007


A 35 year old Workington man was arrested yesterday in Stranraer. Shaun Patterson, 35, married with two children and living with his parents in a terraced house near the Cloffacks, was intercepted as he attempted to board the Irish ferry carrying a sledgehammer. Questioned by police, he admitted he was heading for Channel 4 head office in Belfast.

Channel 4's A Place in the Sun: Home or Away was last month reported to be revamping its approach because the British housing market is said to be “cooling”.

Previous series of this programme have focused on British second-home purchasers flashing their cash in various overseas locations where local people can't afford the prices being asked by property developers. CH 4's new approach will show overseas investors choosing British locations to develop as second homes.

The Rural Development Agency's response was a positive one. “This will showcase British vernacular architecture and put our less well known areas in the public eye,” a spokesman said this morning. “It will revitalise urban and rural areas, promote sustainability, improve regional infrastructure and facilitate innovation.”

British families who are unable to afford first homes in their home areas, where prices may be more than twelve times their annual income, are being advised by the RDA to move abroad. Mr Patterson's wife Lisa was being restrained by her family, and was unavailable for comment.


Dangleby and Pullet-St-Mary Messenger, all rights reserved.


Reviews

Written by Marybarry (237 comments posted) 18th February 2007
Let them eat cake, syndrome!! 
 
Well written. Being financially slim but not physically so(wish it was the other way round) 
I sympathise with your Mr Patterson. 
 
The world of today is MAD. 
 
patricia :sigh :sigh :sigh

Written by Bottleblondesurfer (3446 comments posted) 19th February 2007
Good point,well made. House prices are now ridiculous. It is the English obsession with house owning and buying for "investment" which is downright evil. Houses should be for living in. OK off my soapbox now. 
As you indicate here the whole system is topsy turvy 
cheers 
J

Written by Phil (6838 comments posted) 19th February 2007
I never wanted to buy a house, but once I had kids realised it was the only way to secure their future. 
 
Good piece. 
 
(I'd love to go live somewhere sunny and Chav free - probably doesn't exist.) 
 
Phil.

Written by ellipinnock (1753 comments posted) 19th February 2007
We're in the process of selling our souls to purchase our first house - Ireckon it's as least as depressing as it is exciting! 
 
Liked the piece 
 
Elli

Written by Talisker (1328 comments posted) 20th February 2007
One of the poblems up here is Londoners selling their megabucks properties and buying up all the local housing in rural areas. The prices get ludicrously inflated and local youngsters have no chance of buying. For many of these wealthy "white settlers" it is a second (or third) property and is only used a few times a year. 
 
What happened to affordable, quality, council housing? 
 
Oli :?

Written by fellpony (1655 comments posted) 20th February 2007
I see the same things happening here in the Lakes (we're on the eastern fringes). Makes me mad seeing those TV programs (did you guess???) 
 

Written by Kathy (220 comments posted) 27th February 2007
Get everyone into caravanning and then they can sell their second homes to people who actually want to stay in the area full-time! Anyway, there are already holiday homes, they are called hotels! 
K

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