A one-page synopsis of ‘The House Price Solution’, especially for newcomers

Welcome to The House Price Solution. This web site is campaigning for a change to the new government’s policy on having Top Down housing targets.

The purpose of this website is to stimulate debate and help find collectively, the best way to bring house prices back to within reach of a majority of those wishing and needing to buy (or indeed rent) housing for themselves and their families.

This is the alternative to simply trying to out-build housing demand, until prices reduce to lower levels; for that will never work!

I have a new and comprehensive planning and marketing solution which can resolve this problem. I merely ask that this is given due consideration by our new government.

The object of these proposals is to replace existing flawed sales and planning methods with new ones, designed to avoid the effects of unwanted future price escalation within all British housing markets. This would be the advantage of deploying The House Price Solution.

Having been in contact with my own MP about it, I am hoping for a referral of my alternative proposal to The Secretary of State at The Ministry of Housing, Communities and Local Government. I would like to generate some in-depth discourse on this, important and earnest submission, before very long.

I am also hoping that the Civil Service responsible for advising government on housing policy, together with this considerate Labour government, which has just been elected, will consider and fully examine these special new policy proposals for remedying the present housing crisis.

The first question to ask is, how can my solution help?

There are two aspects. The first is about how to make all local housing markets across Britain work like free-market economic models.

This would involve replacing estate agency as we know it with a new, better and properly licensed service which I am calling Residential House Agents or (RHAs). This is the first radical change. These buyer and renter-advising agents would primarily work for buyers and renters instead of for sellers, as happens at present.

The job of these new Residential House Agents (RHAs) would be not only to sell or indeed let individual owner’s houses but more importantly would find and secure the houses which their contracted client(s) are seeking both for themselves and their families – whether such clients are wishing to buy or to rent.

Individual RHAs working with clients would need to have gained an approved new qualification showing their level of competence. The reason for this is that the existing estate agency service breaks the economic market rules and generally talks prices up. This skews all residential property marketplaces by over-valuing most of the individual houses and flats. This is a fundamental misrepresentation and is damaging all the housing marketplaces across Britain.

What is needed instead is a service that records all genuine offers (whether to buy or to rent), and immediately submits these to the relevant vendor (or the landlord if for rentals), for consideration. After the decision is made and one of the offers is accepted by the vendor or the landlord, the RHA handling this will arrange for a pre-worded lock-out agreement or contract with that vendor as well as with their legal adviser such that they all agree not to accept any other offer for the agreed period of time that it should take for the conveyancing to be concluded (or the tenancy agreement if its a letting). In essence a newly prescribed lock-out agreement.

Once the sale or letting is completed in this way, the RHA would collect their fee from the satisfied buyer or renter, via the solicitor dealing with completing the transaction (or from the landlord if appropriate). See the other articles on the website explaining this in more detail.

One other key advantage of introducing these proposals would be that there would no longer be a need for a Council Tax Revaluation, as this method of valuation would be superseded by the market valuation procedures set down in these new proposals. This, in itself, would save the government a great deal of money as well as civil servant time.

The second radical change, deals with the town and country planning rules relating to residential property. What it proposes is the substantial change necessary to make the best and most efficient use of all housing units, whether already built, or yet to be constructed.

A main reason for this is that housing is in great demand as well as in unprecedentedly short supply. As a result, each viable existing housing unit should be zoned within the local Neighbourhood Development Plan (NDP), such that whenever that property becomes vacant (and/or changes hands), the appropriate NDP zoning for that house or flat must take effect. For example, if the house was previously used as a second home, but it has subsequently become zoned on the NDP for local housing use, then after the vacation of the property, the new use must comply with the current NDP zoning. Enforcement action could follow wherever this is not the case.

Clearly, because it is the local town or parish council that draws up local NDPs, the best organisation to administer this would be that same one. I therefore propose that all residential planning decisions should be devolved to each local town or parish council to have them determined exclusively and in accord with their adopted NDP.

This would mean the existing arrangements for regional councils to decide such planning applications would no longer be needed, which is a third radical change, one designed to speed up planning decisions a great deal.

As a result, there would no longer be a need for government planning inspectors to deal with residential planning appeals centrally. In other words there would be no need for an appeal process for individual residential planning matters anymore. This would save inordinate amounts of time as well as great expense and bring much needed clarity, as to exactly which use designation each residential property should have, for the vital benefit of the town or parishes’ local housing economy, primarily of course.

For more on this please follow the link below:

The house price affordability crisis

Posted by: Peter Hendry, Housing Valuation Consultant

Author of:– The House Price Solution, otherwise known as The Hendry Solution.

Our two-stage proposals for solving the price and availability of housing nationally

Planning reform is one of two main arguments currently being made for bringing forward new policies which would completely reshape local housing markets across the whole of the U.K.

The other equally pressing argument is about the inadequate way in which houses are marketed currently. Price issues are not simply because of an insufficient supply of new housing. This is not what is causing house prices to escalate beyond the reach of so many people in this country.
(For more on this, please see the other articles on this web site.)

As far as the planning part of the solution is concerned, the required planning reforms should be incorporated into new Neighbourhood Development Plans.

Set areas within each town in these plans ought to be designated as having users restricted to primary residences only – on a permanent basis.

Under these provisions, any houses not being used as primary residences prior to the designation taking effect should have the planning use reverted to primary residential use, as soon as the house in question should become vacant.

Under such proposals, those owning houses falling within such use restrictions ought to have to accept these restrictions for the good of the local community, to bring about good planning for the future of the town. (This could, of course, also cover out of town or parish locations as well.)

These new policies would allow towns to retain sufficient suitable housing for use by those in the local workforce wishing, either to buy or to rent the housing they need for their local occupancy.

The planning system should be tilted away from its excessively stringent development control method and instead be moved towards a new, open and locally focused, rules-based zoning system, based on ‘types of user’.

It is becoming clear that all towns and parishes with a housing crisis like St Ives & Porthleven in Cornwall, The South Hams in Devon, Ilfracombe in North Devon (as screened on BBC Spotlight on 30th July 2024), as well as Frome in Somerset and Whitby in North Yorkshire, should canvass for fully devolved planning decision-making powers to be provided to local town and parish councils up and down the whole country. 

The towns named above have been in the news lately as being unable to resolve the crisis in housing, endemic in their regions over several decades past, where local workers as well as the retired are concerned. All this despite more powers having been devolved to their county or regional authorities over past years. This strongly suggests a wholly different planning policy is now needed.

Shortcomings such as these ought to be tackled head on. It would seem that this is an issue needing to be raised at the very highest level and without delay. So, I’m including it here as well as referring it to my local MP. You should do the same too if you think there is a similar problem in your local area.
If you want to know what to ask them, ask why they aren’t changing the way houses are both planned for and marketed, to finally resolve the poorly performing, over-priced and obdurate housing markets around the whole country?

I am saying towns and their associated hinterlands should zone all existing and future housing within their administrative areas into the following specific categories and document these within the current Neighbourhood Development Plans (NDPs). These criteria should all be enshrined within new and upgraded Neighbourhood Development Plans lasting at least for five years at a time.

Owner occupation: (by those working locally or retired)

Affordable to buy: (for those starting off in life and by those working locally)

Private rental: (by those working locally)

Social housing lettings: (by those working locally or retired)

Second homes: (for those not working locally)

Holiday lettings:
(If considered advantageous planning-wise, a mix of these user designations, which should be specific to each individual house, might be allowed in the same street or location.)

This would give planners, advising and, acting in accordance with democratically elected local councillors, appropriate authority to oversee how the local environment should be developed and nurtured, taking into account present community aspirations.

Towns and Parish councils which only have the current right to comment on planning applications within their area, should instead be given the power to decide them. This would be an absolute game-changer.

In peacetime (i.e. whilst our country is not at war with another), residential planning consents should be delegated to all local town or parish councils for them to determine, depending upon local housing need.

This way, genuinely democratic decisions may be arrived at using local decision-makers whom are best able to understand what the current needs of the community are at any particular time.

Planning enforcement should fully apply to such new use criteria and should naturally be fully implemented by the appropriate planning enforcement authorities.

For one thing, these proposals would have the effect of limiting the amount of holiday lets within each town and this would be one of the best methods to solve the present housing crisis.

If you investigate, the overall lack of housing supply is not being caused by a total lack of existing housing stocks but by too much of it being put into uses such as holiday use. “These ideas are thankfully up for debate in Parliament imminently.” says Peter Hendry, author of The House Price Solution.

Any new planning uses, should certainly define and identify precisely where in each locality, houses should be reserved for primary residences only. The preferred user-type should be defined by each local planning authority – in consultation with local owners, but the local planning authority alone should of course have the final say.

No holiday lets, no socially rented units and of course no second homes should generally be permitted In certain zones. Instead, properties there should be reserved for local buyers and renters alone.

Having this would be equivalent to the construction of previously set but demonstrably unachievable house-building targets. The advantage would be that the housing released this way would be exactly where it would be required within each town and parish location.

Local areas desperately need this. In this way local communities could benefit from a re-designation of sufficient residential properties, as may be required, without having to ruin the existing built environment with excessive and inappropriate over-development.

As the property which would be involved would have already been built, this policy could be brought in without undue delay. After all, in most cases, this was what these properties were originally built for in the first place!

There certainly needs to be further regulation of the use of residential property, so that enough housing  can be retained for local people to buy or to rent. Otherwise, whole communities will be ‘hollowed out’ by holiday lets etc., as was explained and has been happening for some time, especially in tourism hot spots.

This web site proposes changes to the whole way in which houses are marketed as well as bringing in more effective planning controls.

For more information on the necessary house marketing changes, go to:

The House Price Solution

How to Improve all local housing markets in England and Wales

Posted by: Peter Hendry, Housing Valuation Consultant

Author of:– The House Price Solution

All your comments on this subject would be appreciated.

The best way to solve the shortage of supply of available houses to rent or buy across the whole of Britain

There is a ‘middle way’ between central government trying to coerce local government into granting unwanted planning approvals for contentious residential housing developments and opposition governments becoming elected by saying they would bring back compulsory housing targets!

It is to allow local town and parish councils to determine residential planning permissions and by so doing, manage and maintain the balance of their own local housing supply and demand.

To achieve this I am campaigning for a complete transfer of decision-making powers for the granting of residential planning approvals, which would give local parish and town councils full responsibility to bring forward effective development plans and be able to grant planning approvals in accordance with these without interference by central government.

In other words the responsibility to balance the use of all residential property should be assigned to local parish and town councils in order to meet existing and future demand for the right type of residential development within their area.

This would make such councils active in ensuring that new and existing residential property, within their jurisdiction, would allow for a user-spread which is fully able to accommodate future demand for housing within the local residential property pool under their control.

Enabling this would be enabling real town planning. If given this responsibility, each district and its local planning committees would be expected to balance the demands for each type of residential property user in their area, so that those requiring housing in its various forms should be able to obtain it.

In this way, each area would be empowered to succeed in providing housing for its own residents. This could result in all areas within the Britain becoming able to house its local inhabitants adequately.

What we need is ‘Local’ Democracy, ‘Local’ Accountability.

This proposal would work by completely replacing the current top-down residential planning policies, which are failing and demonstrably insufficient. I ask that this new proposal for root and branch change should be fully examined, scrutinised, debated and after all of that, be inaugurated.

For more details follow the link below:

The house price affordability crisis

Posted by: Peter Hendry, Housing Valuation Consultant

Author of:– The House Price Solution, otherwise known as The Hendry Solution.

All we need are our forward-looking councillors to get together and vote for these changes. Those who want to represent their constituents will be keen to examine these new proposals, discuss their merits, and champion their adoption soon.

This is a no more nonsense solution for housing, by balancing demand and supply in each separate local area within Britain.

What is causing ever accelerating house prices relative to most peoples’ pay

I have researched what’s causing house prices to rise and fall, as they have over several decades recently.

Having seen programs like BBC Two – Britain’s Housing Crisis, What Went Wrong?
it is clear that more detailed and renewed consideration is necessary to avoid further damage to our housing economy.

The BBC’s recently televised programs explain what the economists currently believe is causing the house price crisis facing homebuyers today.
However,  I myself have come to a very different conclusion from that of the academic community. This might be something to do with the fact that I was trained as a valuation surveyor in the sixties & seventies and I’ve watched the continued cycles of price changes from then, into and through the next millennium – with increasing incredulity.
Seeing this happening, up front and personal so to speak, and knowing how others were feeling about this, has driven me to find and diagnose the real causes. My explanations are not from the viewpoint of an economist but are exclusively from that of a qualified valuer or a working surveyor’s standpoint.

The conclusions I’ve reached are therefore not only unique and easy to understand but are fully able to be used to remedy the house price crisis which we are now experiencing.
What follows is a brief explanation of my findings. The rest of my web site explains my reasoning in full and I hope you enjoy what I am able to describe to you here.

What are actually causing ever accelerating house prices relative to most people’s pay levels are two separate Financialisation anomalies which are both culprits causing house price crises within our British housing markets.
They act rather like a sort of fog, wreaking havoc for those driving their cars but instead, this state of confusion is allowing excessive pricing to not only exist but to accelerate, especially during times of financial stress. My conclusion explains why during such times as we have seen, particularly more recently, house prices tend to keep on spiralling upwards, before the inevitable correction.

If both of these two legislative anomalies were to be removed, housing markets across Britain would start to match general affordability and would also become price stable. This would bring desperately needed price affordability back to those communities that need this for their very survival.

The legislative instruments creating these two anomalies were both conceived a good long time ago. It is therefore perhaps understandable that they have remained intact because each seemed logical when they were originally made into law.

In chronological order, the first of these (anomalies) was the logic of extending the work of estate agents to cover both sides of the sale process of individual houses, both on behalf of buyers buying and sellers owning these.

The original purpose of having estate agents, going back more than a century, was to create specialised offices, essentially to advise large estates belonging to landed gentry for whenever they wished to dispose of land and buildings deemed surplus to requirements. In addition, these offices would negotiate any purchases on behalf of the large landed estates. The estate offices would work solely on behalf of their employers, with a view to negotiating the best price able to be negotiated as and when required. 

The Estate Agents Act 1979 (enacted over 40 years ago), has since enabled estate agents legally to represent single house owners in selling such property as well as to allow any house buyer out there to also be represented. Unfortunately, doing this is causing what we now know of today as ‘Financialisation’ of the housing markets.

It is clear today that for individual house sales, agents should be limited to having to act for and advise the buyer primarily not the seller as well – in order to avoid causing the degree of house price inflation to which I am referring. However, to achieve this would require a change in the Estate Agents Act legislation.

A further explanation about this is given in the web page entitled: ‘This House Price Solution is devised to resolve the current housing crisis completely’. The link is below.

This House Price Solution is devised to resolve the current housing crisis completely

This explains that true market prices can only be determined by supply and demand in a perfect marketplace. In a perfect marketplace, the whole amount of homes on the market would be sold and the demand for them would also be fully satisfied at all times. The present UK housing market as a whole, is therefore very far from perfect!

IF, housing markets around the whole country were near perfect, economically speaking, it wouldn’t take a year or more for each house-move to happen. Houses and flats going onto the market would take much less than a year to attract a buyer ready to complete on their purchase. 

There would then be fewer unsold and empty properties waiting to find buyers. Supply and demand would be in balance. House prices would enable this to happen and would facilitate sales to take place more swiftly than upwards of a year.

On the rental side of things, here markets are in a very different situation. There are far more people wanting to rent than there are rental properties available. Also, the supply of flats and houses is shrinking currently, which is forcing rent-levels to inflate. Demand for these properties seriously outstrips supply, economically speaking. Here, the obvious solution clearly has to be to provide more properties available for rent.

It should be noted however, if there were to be less unsold properties at any one time, there would be a lessening of demand for properties to rent, because more tenants would’ve become buyers! Therefore, improving buyers’ markets would clearly help with lessening the rental-demand side of things as well. That would be an important added bonus for both marketplaces, which is why ‘The House Price Solution’ is the final answer.

The second, and equally damaging piece of legislation for house prices has been the longterm use of some of the provisions enacted under the Town and Country Planning Act 1947 (conceived over 70 years ago). This Act was the first major one to start directing how and when land could be developed, or used for different purposes. It specifically provided for such decisions ultimately to be decided using powers vested in the Secretary of State to appoint a planning inspector. These officers are effectively appointed by central government acting on behalf of The Crown, as being the ultimate owner of all land outright sitting above the legal estates granted in fee, such as freehold interests.

(For those who want to know a little more about land tenure this goes back in essence to William The Conquerer, after which time all land in Britain effectively belonged to The Crown. A freehold title granted by The Crown can be an estate in fee . An estate in fee simple, for example, is the highest estate possible with the least restrictions. However, even that state of ownership is subject to the laws of the land as and whenever they may receive Royal Assent.)

Rather importantly, there has just recently been a new Act of parliament which received Royal Agent on Thursday 26th October 2023. It augments the operation of the Town and Country Planning Act 1947 (as now amended). This new Act of parliament is called the Levelling-up and Regeneration Act 2023.
It has been prepared by the Department for Levelling Up, Housing & Communities and comprises approximately 530 pages, It underpins the government’s current levelling up agenda and covers among other things, provisions concerning local democracy and town and country planning. It covers additional details about Local Plan making and Neighbourhood Planning for example.

However, in this newly enacted legislation the Secretary of State still retains the power to finally determine planning appeals by using the existing method of appointing a planning inspector to determine planning applications on appeal, irrespective of the views of the local community or even the local authority, including ones submitted under the new Local and/or Neighbourhood Development Plan rules.

I contend that modern-day decisions on things like land use and planning should, from now on, be allowed to be made locally and democratically, rather than autocratically or dictatorially as happens currently using the existing powers vested in the Secretary of State to appoint a planning inspector.

I contend that whenever a planning decision has been decided at local level, that decision should no longer be able to be superseded on appeal by a planning inspector appointed by central government.

Whilst such determinations may have appeared to have worked well initially in the distant past, as the years have gone by, things of this nature have become more and more fraught. Nowadays, we are all very much aware of the discord surrounding decisions ultimately being decided by planning inspectors whom are appointed by central government. This often happens when they simply do not accord with what local communities actually want and require of course.

Unfortunately again, the damaging aspect of such centrally made decisions is what we know of today as ‘Financialisation’. The result of decisions such as these, being made remote from the communities directly involved, causes progressive damage to the very community that these were originally intended to protect. This occurs through the loss of essential residential uses such as those for local first-time buyers. The result is houses which are mostly priced out of local reach, for local people, and this is the last thing these people currently require.

My suggestion for resolving this is for government to vest those representing local communities with full responsibility for determining local residential planning applications depending on which uses are most needed within the community and as provided for within the democratically agreed and adopted Neighbourhood Plans, subject only to an appeal on a point of law (for example, if there had been some misdirection or misuse of the legal framework of the application or of its tenure of ownership).

[For clarification, this should also mean that instances of National Policy Framework considerations should be within the remit of local planning committees to make determinations.]

It would clearly require a significant change to the existing Town and Country Planning legislation in order to accommodate these new fundamentals.

My conclusion is that with the twin changes pointed out here, local land use and the resulting prices of property being built, would be restored to price levels affordable by those living in their respective areas. Buyers could fairly compete to purchase residential property from sellers without interference by estate agents acting for sellers. Planning uses could be decided democratically using previously approved Neighbourhood Plans.

I contend there would be no downside from a governmental point of view, in accepting such proposals as I have outlined here.

As I say, top down solutions such as planning ones, especially residential planning applications, not only fail often but are becoming extremely unpopular for the reasons outlined. Devolving decision-making to those with the most to loose, (and/or gain), is the only logical alternative. I ask that these proposals therefore be thoroughly debated and I recommend that they be adopted very soon in order to deal with and fully resolve the exceptional difficulties now being experienced in satisfying modern-day housing need at affordable prices.

In peacetime (i.e. whilst our country is not at war with another), residential planning consents should be delegated to all local town or parish councils for them to determine, depending upon local housing need.

This way, genuinely democratic decisions may be arrived at using local decision-makers whom are best able to understand what the current needs of the community are at any particular time.

As a retired residential property valuer I remain convinced that if democratically elected local councillors were to be granted full authority to decide local residential planning applications, the effect of this could resolve the whole housing crisis.

Decisions made by such elected representatives would not be based upon NIMBYism ‘Not In My Back Yard’; quite the contrary!

Instead it would be a question of ‘IN My Back Yard’, as these councillors would be representing the wishes and needs of the local community – not simply trying to resist necessary change!

There could be no finer outcome than this, especially where residential property is concerned, because with this solution these councillors could work to actually resolve the housing crisis which we are now all being affected by, particularly owing to its increasing severity.

Outside links to the BBC:

Episode 1—Series 1 – How politicians promised home ownership, but with policies that sent prices out of reach.

Episode 2—Series 1 – How the strain on housing – from new builds to social homes – reached breaking point.

Also:

Watch exclusive interviews with the programme’s contributors

Finally, for more information on the necessary house marketing changes, go to:

The House Price Solution

How to Improve all local housing markets in England and Wales

Posted by: Peter Hendry, Housing Valuation Consultant

Author of:– The House Price Solution otherwise known as The Hendry Solution.

The notion that we can build our way out of The Housing Affordability Crisis is utter nonsense

Politics is sub-optimal at present, especially in regard to housing, which is the last thing people want.
Here’s why:

The notion that we can build our way out of the Housing Affordability Crisis is NONSENSE !!

When you consider that in this country, the total existing number of dwellings is probably well in excess of 30 Million AND …

If you accept that the maximum possible number of new dwellings that could be built in any one year these days is say 250,000, then you must deduce that the percentage of extra dwellings that could in practice be added to the existing housing stock in each year can only be a single digit number of percentage increase in any given year!

Assuming that you understand the economic theory behind house prices, to achieve a material change in such price levels by increasing the overall supply of dwellings, one would have to build in excess of 10%, more dwellings to begin with. If not that number, the effect of pursuing such a policy would be negligible, in actual practice.

In conclusion therefore, you would need upwards of two to three Million new dwellings to come onto the housing market, to even begin to affect house prices sufficiently to bring them down to more affordable levels by these means alone.

Also, as population growth continues, more and further residential development shall be necessary, even though this would be at the expense of the loss of agricultural and amenity land and would further damage our environment in the process.

The mathematical explanation:
Here’s the mathematical proof of why the current policy of building only a third of a million new houses each year, cannot be expected to have the effect of lowering the level of house prices currently prevailing in housing marketplaces all across the United Kingdom.

As explained, the expected proportion (in valuation terms) to have any material affect on current house prices to even begin to take place, would be an increase in the stock of housing of approximately 10% at least initially.

Formula 1:
Calculating the minimum number of dwellings that would be initially required to be added to the existing housing stock, to achieve a 10% increase in stock – i.e. in the first year?

Say the total number of existing houses is (conservatively estimated) at 25 Million.

The original number of houses + 10% = 27,500,000 . This would be the total number required. The total number – original number = number of extra houses required.

27,500,000 – 25,000,000 = 2,500,000 the number of extra houses required. This is far in excess (i.e. approaching ten times the number that our government are expecting to be building i.e. 250,000 on an annual basis) !!

Formula 2:
Calculating the actual percentage, of dwellings which would be added to the existing housing stock, if only say 250,000 additional dwellings were to be added in the first year?

New number – orig. number
——————————————- . X 100 = %
orig. number.

25,250,000 – 25,000,000
——————————————- . X 100 = 1% only.
25,000,000

Formula 3:
Calculating the actual percentage, of dwellings required to be added to the existing housing stock, if supposing as much as 400,000 additional dwellings were to be added – for comparison purposes.
(Note the orig. number of housing stock would increase in each subsequent year.)

New number – orig. number
——————————————- . X 100 = %
orig. number.

25,400,000 – 25,000,000
——————————————- . X 100 = 1.6% only.
25,000,000

Both formulas 2 & 3 disclose the very significant shortfall of sufficient houses able to be added, to gain anything like the 10% minimum increase necessary, as calculated using formula 1, to start bringing house prices down significantly enough for them to be adequately affordable to a majority of current-day potential buyers.

This shortfall is far too large to even contemplate let alone justify a course of action such as the one currently being suggested, in order to attempt to bring house prices down over the relatively short term. The actual affect on price levels themselves would be both marginal and insignificant at best!

Further explanation regarding the proposed/revised selling process advocated under The House Price Solution:
In full response to the ‘lack of supply’ pontificators, whom are rather prevalent currently, the whole rationale or philosophy behind my carefully considered solution for restoring the housing markets around Britain to good health, embraces the wisdoms of bygone days. How so? There was a time when latin was in general parlance and the words: “Caveat Emptor” were in frequent use. The meaning of this should never have been forgotten.

This used to be an express warning which was applied especially where property or real estate was concerned. The words of the warning mean: ‘Let the buyer beware – unless they are covered by the seller’s warranty in terms of quality and worth’. The meaning of this simple latin saying amply describes why the current failures are occurring, manifesting within all housing markets up and down our still great country. 

We should remember this because in actual fact it is the one thing which is required, in order to restore and correct the damaging anomalies surrounding today’s accelerating house prices. As explained, these anomalies arise from our having departed from and forgotten what were previously well-known and established wisdoms, to be relied upon whenever undertaking commercial transactions such as those involving the buying of houses for family use.

The problem of unaffordable house prices today simply isn’t a supply-side matter at all. It is a price-side problem not a supply-side one. A-level students studying economics ought to know this! Once this is understood, the requisite changes to the way in which our housing markets operate across the whole country may be realised so that they may, once again become normality. Central government necessarily would need to take a lead in resolving this current-day house price crisis of course.

In the local area where I live for example, there are clearly more than a sufficient number of houses that certainly could be used to satisfy both present and future demand for residential housing but they are not coming onto the market. Instead they are being used for non-residential uses. It is this that needs addressing most urgently, not the headlong rush to build more houses to satisfy a purely notional lack of supply when in fact, there is a more than adequate supply of suitable property both in our locality and in plenty of other locations all over the place!

Please consider what is being explained here and raise any relevant questions on this for public scrutiny and discussion. A campaign ought to be mounted to bring this matter to the attention of our government should those interested in this wish that to happen.

For the full details of how to address all these issues simultaneously, please follow the link:

The House Price Solution

How to Improve all local housing markets in England and Wales

Posted by: Peter Hendry, Housing Valuation Consultant

Author of:– The House Price Solution otherwise known as The Hendry Solution.

I invite questions and comments regarding this complete new way to restore all housing markets up and down the country, to return appropriate operational housing market conditions once again.
With better prospects for all wishing and needing to move house at any particular time I propose this as being the best and only practical solution to the house price crisis.
Market economics would be substantially improved using these newly explained techniques.