More housing at Ballasalla

[WTF]

5 hours ago, Dirty Buggane said:

I am still at a loss (nothing new) if the population is not growing and the demand for social housing is growing year on year who is buying all these new builds?, where are they all coming from.

i said it pages back , it's probably a 'buy to launder' scheme for some.

[GreyWolf]

The trouble is some people and estate agents have an unrealistic value on some of the old style doer uppers properties.

 Most cost a fortune now to bring up to standard and probably not qualify for a mortgage.

Make empty properties a thing of the past, bring legislation in ( back dated if need be) so they’re triple rated and none payment can result in compulsory purchase order.
Also cut right back on offshore buyers/ investors buying up most of the new houses. What about any new land released for building is for at least 50% f.t.b. or key workers on lower fixed rentals.

Also maybe some self build plots that can’t just be built then sold on for a profit put a time limit on how many years before they can be sold on. Just a few random ideas but the iom government has far to long danced to the tune of the large property developers.

[Moghrey Mie]

And one developer in particular.

[Kopek]

Bit dragonian Grey Wolf??? Give our Govt free license and where next? A cull on Grey Wolves?

[display name]

2 hours ago, GreyWolf said:

Also cut right back on offshore buyers/ investors buying up most of the new houses.

Poor Ballasalla,it'll never get twinned with Pretoria if that happened

[Dirty Buggane]

So if there are thousands of empty property's why are house and rental prices so high. Is it the housing developers buying up large amounts of older housing to keep prices inflated and a shortage.

[asitis]

Letting our favourite developer cover the island in concrete certainly doesn't seem to be helping the young people wanting to buy very much does it !

But boy oh boy some cats are getting fat that's for sure !

[Roger Mexico]

19 hours ago, Mikimoto said:

20 hours ago, Dirty Buggane said:

I am still at a loss (nothing new) if the population is not growing and the demand for social housing is growing year on year who is buying all these new builds?, where are they all coming from.

"Families" now consisting of 1/2/3 members, instead of the previous 4/5/6++?

That's a lot of it.  I looked at the make-up of households in the last six Censuses (which is all that's available online) and there's a drop in average household size from 2.44 to 2.26 over those 25 years:

Year	No of H/h	1	2	3	4	5	6 / 6+	7 +	Pop’n	Av H/h
2021	37,220	12,158	13,425	5,343	4,498	1,362	434		84,069	2.26
	4.07%	32.67%	36.07%	14.36%	12.08%	3.66%	1.17%		0.91%
2016	35,763	10,755	12,797	5,631	4,565	1,458	426	131	83,314	2.33
	0.46%	30.07%	35.78%	15.75%	12.76%	4.08%	1.19%	0.37%	-1.40%
2011	35,599	10,333	12,887	5,508	4,635	1,654	470	112	84,497	2.37
	6.62%	29.03%	36.20%	15.47%	13.02%	4.65%	1.32%	0.31%	5.54%
2006	33,390	9,521	12,145	5,137	4,425	1,612	441	109	80,058	2.40
	5.93%	28.51%	36.37%	15.38%	13.25%	4.83%	1.32%	0.33%	4.90%
2001	31,521	8,936	11,195	4,943	4,328	1,538	467	114	76,315	2.42
	7.30%	28.35%	35.52%	15.68%	13.73%	4.88%	1.48%	0.36%	6.42%
1996	29,377	8,429	10,206	4,589	4,043	1,548	460	102	71,714	2.44
		28.69%	34.74%	15.62%	13.76%	5.27%	1.57%	0.35%
96-21	26.70%	3,729	3,219	754	455	-186	-128		17.23%
		44.24%	31.54%	16.43%	11.25%	-12.02%	-22.78%

It may not sound like much, but it's caused by an increase of 44% in single-person households and while population has 'only' gone up 17% over the period, the number of households (and so properties required) has gone up 27%.  And the gap between the percentage increase in households and in population only seems to be getting bigger.

[slinkydevil]

I'm aiming to stand for MHK at the next election. 

My plan is for 5 or 6 of these apartment blocks around the Island. Each has room for 20,000 people so maybe 2 in Douglas 1 in each of Peel, Ramsey, Castletown, and Port Erin. So there's plenty of room for an influx of residents. We're all closer so a lovely sense of community.

All other housing is demolished and turned back into green spaces. It's going to be great!

I look forward to your vote.

[The Phantom]

16 minutes ago, slinkydevil said:

I'm aiming to stand for MHK at the next election. 

My plan is for 5 or 6 of these apartment blocks around the Island. Each has room for 20,000 people so maybe 2 in Douglas 1 in each of Peel, Ramsey, Castletown, and Port Erin. So there's plenty of room for an influx of residents. We're all closer so a lovely sense of community.

All other housing is demolished and turned back into green spaces. It's going to be great!

I look forward to your vote.

I'm assuming you'll put stables in on the ground floor of the Douglas one?

[slinkydevil]

3 minutes ago, The Phantom said:

I'm assuming you'll put stables in on the ground floor of the Douglas one?

Monorail workshop. Horses are off to the glue factory I'm afraid.

[Dirty Buggane]

7 hours ago, Roger Mexico said:

That's a lot of it.  I looked at the make-up of households in the last six Censuses (which is all that's available online) and there's a drop in average household size from 2.44 to 2.26 over those 25 years:

Year	No of H/h	1	2	3	4	5	6 / 6+	7 +	Pop’n	Av H/h
2021	37,220	12,158	13,425	5,343	4,498	1,362	434		84,069	2.26
	4.07%	32.67%	36.07%	14.36%	12.08%	3.66%	1.17%		0.91%
2016	35,763	10,755	12,797	5,631	4,565	1,458	426	131	83,314	2.33
	0.46%	30.07%	35.78%	15.75%	12.76%	4.08%	1.19%	0.37%	-1.40%
2011	35,599	10,333	12,887	5,508	4,635	1,654	470	112	84,497	2.37
	6.62%	29.03%	36.20%	15.47%	13.02%	4.65%	1.32%	0.31%	5.54%
2006	33,390	9,521	12,145	5,137	4,425	1,612	441	109	80,058	2.40
	5.93%	28.51%	36.37%	15.38%	13.25%	4.83%	1.32%	0.33%	4.90%
2001	31,521	8,936	11,195	4,943	4,328	1,538	467	114	76,315	2.42
	7.30%	28.35%	35.52%	15.68%	13.73%	4.88%	1.48%	0.36%	6.42%
1996	29,377	8,429	10,206	4,589	4,043	1,548	460	102	71,714	2.44
		28.69%	34.74%	15.62%	13.76%	5.27%	1.57%	0.35%
96-21	26.70%	3,729	3,219	754	455	-186	-128		17.23%
		44.24%	31.54%	16.43%	11.25%	-12.02%	-22.78%

It may not sound like much, but it's caused by an increase of 44% in single-person households and while population has 'only' gone up 17% over the period, the number of households (and so properties required) has gone up 27%.  And the gap between the percentage increase in households and in population only seems to be getting bigger.

That is not answering my question if there are thousands of empty property's, why are house prices and rents so inflated. Is it down to developer or government keeping prices high so as to keep income high, ie the dearer the house the higher the rates. The higher the rates the higher the rent to cover rates and keep return up.

Edited February 13 by Dirty Buggane

[finlo]

9 minutes ago, Dirty Buggane said:

That is not answering my question if there are thousands of empty property's, why are house prices and rents so inflated. Is it down to developer or government keeping prices high so as to keep income high, ie the dearer the house the higher the rates. The higher the rates the higher the rent to cover rates and keep return up.

Market manipulation, been going on for years here.

[The Phantom]

11 minutes ago, Dirty Buggane said:

That is not answering my question if there are thousands of empty property's, why are house prices and rents so inflated. Is it down to developer or government keeping prices high so as to keep income high, ie the dearer the house the higher the rates. The higher the rates the higher the rent to cover rates and keep return up.

There aren't that many places to rent anymore.

Since the Govt decided they were going to regulate it, I know a few people that sold all of their rental properties, as they've seen what a 'good' job they do with all the other regulations!

But I'd agree, it doesn't seem to make a whole lot of sense. Loads of new properties being built and sold, but who is living in them all if the population isn't rising significantly?

I've heard a lot of properties are being sold to non residents, but then what is actually happening to them?

Edited February 13 by The Phantom

[english zloty]

38 minutes ago, Dirty Buggane said:

That is not answering my question if there are thousands of empty property's, why are house prices and rents so inflated. Is it down to developer or government keeping prices high so as to keep income high, ie the dearer the house the higher the rates. The higher the rates the higher the rent to cover rates and keep return up.

There aren't thousands of empty properties is the answer. There is a big difference between estimating the number of households and subtracting the number of census returns to get the number of empty properties, and reality. But that's what they do.