Who

Who is going to buy all these new houses that are being built in the UK?

Where we live within a 3 mile radius it seems there are new mega housing estates being built, ones with 400+ houses.

Without even thinking I can think of 6 or 7, & that doesn’t include all the 75 – 150 developments happening.

In this area starting prices for these new builds seem to be around the £350k mark, average salary is £29k approx.

I just can’t work out who is going to buy them, typically the people who need them won’t be able to afford them.

I can’t see how there is not going to be a massive over supply in properties, part ownership, too risky for the other side, the investor IMO.

Fractional ownership where people literally buy a bedroom I think will happen & become the norm for first timers over time.

Finance & legal need to come together but I would think some FinTech will already be looking at making this a reality, blockchain?

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