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Bbc Is The Uk Housing Market Broken?

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http://www.bbc.co.uk/news/business-27995242

Not a bad set of recommendations from Kath Scanlon, Research Fellow, London School of Economics:

  1. Reinstitute a property tax based on house values and do away with stamp duty. This would create an incentive for 'over-occupiers' to downsize and remove the financial penalty that currently deters transactions.
  2. Limit the size of mortgage loans by capping loan-to-value or loan-to-income ratios, which would reduce effective demand.
  3. Give the Mayor greater control over planning permissions for new housing, as local opposition to new development can be hard for borough politicians to counter

For no 1, how about 0.5% for owner occupiers, but 2% for owners of properties not lived in by the owner.

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If the housing market isn't broken then why are there no single home building plots within a 15 mile radius of the town where I live?

Land is being deliberately rationed via the planning system, banks were deregulated and compete to see who can lend the most. the results is hyper house price inflation.

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If the housing market isn't broken then why are there no single home building plots within a 15 mile radius of the town where I live?

Land is being deliberately rationed via the planning system, banks were deregulated and compete to see who can lend the most. the results is hyper house price inflation.

If the housing market isn't broken then why are well all on here debating it.

0% interest rates and government 20% deposit schemes, low sales volumes and bankrupt banks.

It's not just the housing market that is broken, it's the whole ***king system.

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  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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