Tag: the house price solution

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Letter to the Ministry of Housing, Communities and Local Government

Herewith, is a copy of the material posted to the
Ministry of Housing, Communities and Local Government:

29 Mar 2025

Dear Sirs,

In answer to your request for comment, actually, as a post-war born male, having trained in the property sector and qualified, including in the vital business of how to value all property (as well as housing) I can see, first-hand, how the whole arrangement of using selling agents to market housing is no longer fit for purpose, especially in this modern age. 

A new and dynamic way of trading in vacant housing is therefore long overdue.

Also, if our present Labour government really does want to stimulate new house building to the extent envisioned, this will have to depend on completely changing how houses are bought and sold as well as having to devolve town planning decisions to the relevant towns and parishes themselves. After considering this it is clear that trying to decide all planning matters from as far away as Westminster, is simply a recipe for failure.

If it interests you to know more, please search online for ‘The House Price Solution’.

Once the correct market prices are derived by setting up a network of buying agents, housing would sell swiftly and legal conveyancing could also be enhanced to cope with such a vital uplift in market sales (and purchases), including dealing with satisfying more of the current rental demand.

Owning one’s own home could then, once again, become a hope and aspiration for each and everyone to enjoy.

Yours sincerely,

Peter Hendry

–
This site proposes changes to the whole way in which houses are marketed by estate agents as well as bringing in far more effective planning controls. 

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

The house price affordability crisis

“Solving the affordability crisis”

Posted by: Peter Hendry, Consulting Valuation Surveyor
Author of:– The House Price Solution

Unless things change significantly along the lines explained, countless people will continue to experience considerable financial anxiety or pain so, please sign our petition.
The link below opens this is in a new tab for you to look at.

The cost-effective way to stabilise housing affordability across the whole of Britain

Your action in asking our government to debate this could help bring about all of these much needed changes.

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About The House PRICE Solution

The net cost of housing is an economic negative when it comes to national economic competitiveness.

This is what Britain must seek to improve in order to be more competitive as an independent nation.

The solution to this is therefore, to reduce the net cost of housing.

This will not be achieved by ‘simply’ trying to build more and more houses everywhere. In other words, the true solution is not to build, build, build at all !

The actual answer to the problem comes from recognising that there is too much money sloshing around in profits from housing development and that this has been the case for some decades now.

In addition to this, if you choose to believe that the house builders of today, whom also own most of the land with the planning permissions for new housing, are somehow going to be persuaded to build and build, until their prices (and their profits) drop to marginal levels, that notion is simply not going to happen! They will just trim how much they actually build to accord with the profit levels which they shall decide to set as being their minima.

The real and only solution would be to resolve the ‘market economic’ aspects of the housing problem instead.

This can only be done by reducing the crazy amount of money going into the supplying of all housing as an entity.

For more on this please read our earlier posts on The House PRICE Solution.

The House Price Solution

Posted by: Peter Hendry, a retired property valuer
Author of:– The House Price Solution

Please also note. Unless things change significantly along the lines explained, countless people will continue to experience considerable financial discomfort concerning housing costs. If you agree please sign our petition.
Your action in asking our government to properly debate this would help to bring about these much needed changes.
The link below opens the petition in a new tab for you to look at and sign.

The cost-effective way to stabilise housing affordability across the whole of Britain

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Are estate agents taking us for fools?

The continuing rise in house prices which have occurred both prior to and following COVID clearly show that the proposals set out on these pages for re-shaping house-marketing are both fully justified and long overdue.

The noticeable reduction in the number of sellers putting their houses on the market is a clear indication of the general concern for not being able to successfully move house, owing to the unexpectedly rising house prices causing general market instability.

The argument being put forward about estate agency today is that the service provided no longer supplies an arms length advisory service to either buyers or sellers. To explain this the market definitions below are the current definitions of what ought to be expected by all housing agents’ clients.

Market Value advice is defined as:
The estimated amount for which an asset should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.

Market rent advice is defined as: 
The estimated amount for which an interest in real estate property should be leased on the valuation date between a willing lessor and a willing lessee on appropriate lease terms in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.

Market Approach advice:
The approach that provides an indication of value by comparing the subject asset with identical or similar assets for which price information is available and about which price adjustments can duly be made.

So, here on this web site is the full reasoning explaining what is needed to finally improve all the housing markets across the whole of Britain? If you follow the link below you will find yourself on that very page. Please enjoy this offering and by all means comment if you have thoughts of your own about this.

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

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

The House Price Solution

“Introducing The House Price Solution”

Posted by: Peter Hendry, Consulting Valuation Surveyor
Author of:– The House Price Solution

Please also note. Unless things change significantly along the lines explained, countless people will continue to experience considerable financial anxiety or pain so, please sign our petition.
The link below opens this is in a new tab for you to look at.

The cost-effective way to stabilise housing affordability across the whole of Britain

Your action in asking our government to debate this could help bring about all of these much needed changes.

Posted on

The housing market is desperate for economic reform to bring everything back into line with local affordability

It’s now obvious that the housing market is desperate for economic reform in order to bring everything back into line with local affordability.

My proposal for the way housing across England and Wales should be marketed, is based on changing from vendor-centric estate agencies to buyer-oriented ones as described in The House Price Solution (otherwise known as The Hendry Solution). This would not cost much to implement and would bring massive benefits to all local marketplaces.

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

So, here on this web site is the full reasoning explaining what is needed to finally improve all the housing markets across the whole of Britain? If you follow the link below you will find yourself on that very page. Please enjoy this offering and by all means comment if you have thoughts of your own about this.

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

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

The House Price Solution

“Introducing The House Price Solution”

Posted by: Peter Hendry, Consulting Valuation Surveyor
Author of:– The House Price Solution

Please note. Unless things change significantly along the lines explained here, countless people will experience considerable financial difficulties, so please sign our petition.
The link below opens this is in a new tab for you to look at.

The cost-effective way to stabilise housing affordability across the whole of Britain

Your action in asking our government to debate this could help bring about all of these much needed changes.