{"id":4228,"date":"2012-04-28T16:42:35","date_gmt":"2012-04-28T20:42:35","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4228"},"modified":"2012-04-28T16:42:35","modified_gmt":"2012-04-28T20:42:35","slug":"abundance-of-land-shortage-of-housing-institute-of-economic-affairs","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/28\/abundance-of-land-shortage-of-housing-institute-of-economic-affairs\/","title":{"rendered":"Abundance of land, shortage of housing | Institute of Economic Affairs"},"content":{"rendered":"

Kristian Niemietz looks at how housing costs in the UK have exploded in recent decades. Real-terms house prices in 2011 were more than two-and-a-half-times higher than in 1975, with rent levels following suit. In the USA, Germany and Switzerland, real-terms house prices are still close to their 1975 levels.<\/p>\n

\u00b7 Housing affordability measures show housing to be unaffordable in every single one of the 33 regions in the UK.<\/p>\n

\u00b7 The main difference between the UK and its north-western European neighbours is not in demographics, but in completion rates of new dwellings.<\/p>\n

\u00b7 Empirical evidence from around the world shows that planning restrictions are the key determinant of housing costs.<\/p>\n

via Abundance of land, shortage of housing | Institute of Economic Affairs<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kristian Niemietz looks at how housing costs in the UK have exploded in recent decades. Real-terms house prices in 2011 were more than two-and-a-half-times higher than in 1975, with rent levels following suit. In the USA, Germany and Switzerland, real-terms house prices are still close to their 1975 levels. \u00b7 Housing affordability measures show housing … <\/p>\n

Continue reading “Abundance of land, shortage of housing | Institute of Economic Affairs”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5,33],"tags":[1724,1733,2675],"class_list":["post-4228","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","category-uk-europe-countries-regions","tag-house-prices","tag-housing-affordability","tag-planning-restrictions"],"yoast_head":"\nAbundance of land, shortage of housing | Institute of Economic Affairs - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abundance of land, shortage of housing | Institute of Economic Affairs - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Kristian Niemietz looks at how housing costs in the UK have exploded in recent decades. 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Development occurred in locations where and when\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6982,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/15\/what-australia-needs-is-lower-land-prices\/","url_meta":{"origin":4228,"position":1},"title":"What Australia needs is lower land prices","author":"Colin Twiggs","date":"March 15, 2013","format":false,"excerpt":"Australia enjoyed a mining boom over the last ten years but now faces a fall-off in capital expenditure on new projects as commodity prices fall. The RBA, eyeing the coming slow-down with some trepidation, is hoping that housing construction recovers to fill the void. So far the housing market has\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6265,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/23\/australia-housing-affordability-still-poor\/","url_meta":{"origin":4228,"position":2},"title":"Australia: Housing affordability still poor","author":"Colin Twiggs","date":"November 23, 2012","format":false,"excerpt":"Interesting article by Leith van Onselen on Australian housing affordability. Today it takes \"380 weeks on the average wage (just over seven year\u2019s income) to buy a typical house. This is down from around 430 weeks average wages (just over eight year\u2019s income) required to buy a home in 2008\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9323,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/03\/deflating-australias-land-bubble\/","url_meta":{"origin":4228,"position":3},"title":"Deflating Australia\u2019s land bubble","author":"ColinTwiggs","date":"March 3, 2014","format":false,"excerpt":"Great post by Leith van Onselen Reproduced with kind permission from Macrobusiness.com.au. Prosper Australia has provided a submission to the Senate Inquiry into Housing Affordability, which is well worth a look. 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Like my analysis posted earlier, Pickering also concludes that Australian housing is significantly overvalued given the likely prospects\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ScreenHunter_3304 Jul. 15 10.21","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/07\/ScreenHunter_3304-Jul.-15-10.21-200x200.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14970,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/16\/confidence-in-housing-falls-to-lowest-level-in-40-years\/","url_meta":{"origin":4228,"position":5},"title":"Confidence in housing falls to lowest level in 40 years","author":"ColinTwiggs","date":"March 16, 2017","format":false,"excerpt":"From Eryk Bagshaw & Peter Martin at SMH: Confidence in the housing market has collapsed, with the number of Australians describing property as the wisest place to put their savings falling to its lowest level in more than 40 years. 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