The House Price Virtuoso Solution (previously called The Hendry Solution), is a new open market technique, for equalising buy and sell prices within all housing markets.
It was originally conceived to correct the unaffordable anomalies plaguing the UK housing marketplace. This method of resolving the housing crisis still remains to be put to the test and so I recommend that it is now thoroughly tested and evaluated. Having retired I now wish to give something of significant value back to the property industry and to the service in which I have spent my whole career.
I qualified as a General Practice Surveyor (RICS) in 1974 (in valuation) and have gained wide-ranging experience since that time, particularly in issues surrounding residential property valuation and house marketing.
I have researched what improvements to the operation of the local housing markets across England and Wales ought to be made after observing the house-price stagnation of 1969, the hyper-inflation that followed in 1972 and the successive but cyclical house-price booms following that leading, of course, to the prolonged house-price growth and then the sudden stagnation following the 2008 global financial crisis.
It has resulted in a severe reduction in sales volumes for a significant number of years thereafter and it still affects most local housing markets to this day.
I argue that the continuing stagnation in market activity, coupled with the general lack of affordability following the financial crash, could still be substantially ameliorated if my proposals were first debated and then the resulting conclusions from that were implemented.
I decided I had to leave the RICS in order to progress developing these new ideas for resolving the continuing housing crisis because doing this would require completely independent thought processes.
I have now fully concluded my proposals for resolving the housing market-price crisis, by dealing with the underlying reasons for this. I am publishing these online here for general consumption and comment.
My aim in doing this is to bring about an effective and sustainable improvement in the housing markets all across England and Wales such that those of us requiring to have property, whether to rent or to own, may do so at reasonably affordable true open market rents and prices.
Without this, the present large-scale degree of unsatisfied demand for both houses to rent and to buy can only continue. I therefore invite constructive comment and suggestions both from individuals and indeed corporations with an interest in rescuing all local housing markets throughout our country for posterity.
The effect of not doing anything of much significance to improve the buying and selling processes across all UK housing markets continues to have a de-stabilising effect on the whole of our nation’s economy, by causing a stagnation in house sales completion numbers. This is, of course, a very important and substantial part of our economy and therefore warrants full and careful economic consideration.
It is not too late to take corrective action although such action is considered by many to be well overdue.
I would welcome sharing your thoughts on aspects of these specific proposals using the comments section of this blog site.