Dr Andrew Emerson
8:44 PM on 23/02/2015
Many employers do find older people to be the best workers. They have a lifetime of experience and the emotional maturity that tends to come with it. Unlike many immigrants, eg, ‘Pakistani heritage’ Muslims, a large proportion of whom have never worked since arriving in soft touch Britain, our elderly folk tend to have a strong work ethic.
They also tend to be more healthy, law-abiding and certainly much less inbred.
With greater public investment in the research, development and marketing of new technology and training of our young people for industry, combined with other necessary measures, Britain does not need immigration. Certainly not the immigration of unskilled malcontents and workshy Islamic fanatics and their dependants from the Third World.
Immigration is the major factor increasing demand for housing. And given that demand outstrips the supply of housing, as it does, increases in market value are the inevitable result and are reflected in higher prices.
This is the situation at the macroeconomic level, throughout the UK. It is particularly salient in the south east of England, where demand is greatest.
Obviously, at the microeconomic level of district councils, some areas will have higher average prices and some lower, just as some areas will have higher rates of immigration than others.
A 7.5% difference in the rate of property price inflation between Chichester and Bognor Regis over a period of five years works out at an average of 1.5 % per year. Hardly a great difference.
Furthermore, larger properties tend to increase in value at a faster rate than smaller ones. Chichester possessing a higher proportion of larger properties, than Bognor Regis, its prices would tend to rise more quickly.
There is also the scarcity factor to consider: if properties in Chichester tend to come onto the market less often than properties in Bognor Regis, then this would also tend to have an effect on relative prices.
It should be obvious that immigration is not the only factor affecting house prices. Things like location, size, local amenities, design, etc, all play a part. But these micro differences tend to cancel each other out at the macro level where one clearly sees the causal relationship between immigration and continuing property price inflation.
I have not checked your figures but have assumed they are correct for the sake of argument.