Proof that mass house building programmes increase prices
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18 Dec 2010Swale Borough Council’s evidence base for the Core Strategy proves that large scale housing development in Sittingbourne and Sheppey has resulted in a housing price increases, whereas in Faversham where development has been severely limited by comparison house prices have fallen.
This same pattern also emerged in Ashford’s past where the Housing programme severely inflated houses prices.
This is obviously bad news for any local residents in the market for an affordable property, because as Swale Borough Council have also stated affordable homes are not affordable for between 71% and 79% of Swale’s residents depending on where you live.
Serious consideration should be given as to whether we should continue to build to satisfy targets or self-fulfilling population growth models, or the needs of the local population.