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 but I recommend that it should now be 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.
Having retired from practice as a surveyor I am in a position to give independent advice concerning how to improve the workings of the individual housing markets across Britain.
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 to be first debated and then the resulting conclusions following those discussions were implemented.
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 consideration.
It is not too late to take corrective action although such action is already well overdue. I would welcome sharing your thoughts on aspects of these specific proposals using the comments section of this blog site.