The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial - News Summed Up

The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial


For decades, governments have rolled out policies aimed at improving affordability and helping people to get on the ladder, but at the same time long-term house price growth has far outpaced any increase in wages. The biggest problem is a land market that serves landowners and developers at the expense of buyers. This package of reforms would slow house price growth while increasing security for renters. What government truly wants to preside over years of flatlining house prices at the expense of relatively affluent homeowners in the south-east? Almost 10 years after the financial crisis, economic growth remains too fuelled by the consumer debt enabled by rising house prices, and too little by long-term investment.


Source: The Guardian March 27, 2017 18:33 UTC



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