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        Housing boom 'at an end' as first-time buyers go missing
 
16/06/2003 (source: Daily Mail)  


Last week, Mr Brown repeated his concerns that the economy is hostage to the housing market and how it reacts to changes in interest rates.

He has set up an inquiry to find ways to encourage more families to take out long-term 20 to 25-year fixed rate mortgages.

The Government has also signalled a building boom in housing hot spots - largely in the south of England - to cut prices.

If necessary, decisions on whether to build new estates will be taken away from local councils and given to the Deputy Prime Minister John Prescott's department.


 
Land prices have risen by more than 926%in the last twenty years out-stripping house prices.
Source: BBC
Large developers have been ‘stockpiling’ land into their own land banks with the knowledge that in future years as towns and city’s naturally expand planning will be granted.
This enables the shrewd private investor to emulate the fortunes that have been made by developers without tying up huge sums of money.