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Croatia Keith

Joined: 27 Mar 2012
Posts: 23
Location: Croatia

Posted: Sun Apr 08, 12 12:44 pm Post subject:
onemanband, what part of Hertfordshire are you from? St Albans & Welwyn were our old areas and talking to contacts still in the construction buisness around that way they are just about keeping their heads above water. OK there is work to pay the wages etc but not much if any profit. A good time for investors I guess.

dpack

Joined: 02 Jul 2005
Posts: 46239
Location: yes

Posted: Sun Apr 08, 12 1:25 pm Post subject:

Rob R wrote:

Shane wrote:

I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.

I'd like to explain it that way but both these examples are massive houses already, with middle class occupants, mid-fifties to early sixties, one a couple, the other a couple with a teenage son. All nice people, not horrible property barons, but just... wow, not short of cash.

early retirement payouts .redundancy payments .etc ?

bigpaul

Joined: 06 Mar 2012
Posts: 62
Location: North West Devon

Posted: Sun Apr 08, 12 4:38 pm Post subject:
very quiet in north devon, house on corner having some underpinning done, thats it and thats on a housing estate of about 200 houses.

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Sun Apr 08, 12 4:41 pm Post subject:

dpack wrote:

Rob R wrote:

Shane wrote:

early retirement payouts .redundancy payments .etc ?

Nope, one is one of the owners of the golf club (who found out it was easier to knock down & start again than extend) & the other just keeps building a bit more on.

john of wessex

Joined: 18 Jun 2007
Posts: 2130

Posted: Sun Apr 08, 12 8:17 pm Post subject:
I think becaus it isnt easy to move at the moment people are getting the builders in rather than the estate agents

dpack

Joined: 02 Jul 2005
Posts: 46239
Location: yes

Posted: Sun Apr 08, 12 9:59 pm Post subject:
there is money about but im not sure about a building boom a building sigh maybe

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28238
Location: escaped from Swindon

Posted: Sun Apr 08, 12 11:47 pm Post subject:
It may also be the case that if you have the dosh, just where are you going to put it right now? No point in a savings account, the stock market is hardly attractive, and few people have serious enough dosh to do buy to let, even if they would want to. So extensions are at least a way of doing something safe with money.

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