Of course, this is not the reason why John and I are thinking of building a house in the mountains of Bulgaria. We’ll build a house because of the flexibility for including custom features that this affords. Otherwise, it may be much easier to buy a house – there are many empty houses in Bulgaria, unfortunately – remodel it and be done with it.
The situation in the UK is entirely different. If Bulgaria has a lot of houses and not enough people, the UK has a large population and not enough houses. The National Housing Federation has estimated that at the moment there is a shortfall of about half a million dwellings.
This deficit is in the basis of the rising housing prices to prohibitive levels. To make a hard situation even more critical, construction levels have been falling over the last three decades.
In brief, at this very moment there is a whole generation who can’t even dream of buying a house and getting on the property ladder. This is a fact that Brexit is unlikely to solve (I know; I usually refrain from statements of political preference but this one could not be helped).…