Wednesday, September 3, 2014
Sweden has the answer!
Choosing the Right Pin
This quite detailed article suggests there are property bubbles throughout much of northern Europe, especially in Nordic countries. It confirms that prices are well above historic norms in all these places, but blames planning rules more than monetary policy. The 'Swedish solution' - cited in the final paragraph - could certainly be possible in the UK.
Posted by smiley @ 10:37 AM (1938 views)
2 thoughts on “Sweden has the answer!”
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reticent says:
The whole house-prices-to-rents measure misses the reciprocal effect of rents feeding higher house prices and vice-versa as more and more people are priced out and the BTL brigade continually expand their portfolios.
reticent says:
It always depresses me how many comments an Economist article generates here versus a Daily Mail or even a Tyler Durden article. It speaks volumes about how rubbish other publications are that this is the first I have heard of this:
“This month Britain’s central government launched a website that maps all its land and buildings, from offices to prisons, and invites the public to suggest better uses for them under a new “right to contestâ€. It has promised to release for sale any property whose current use it cannot justify.”
I cancelled my subscription to the Economist for a number of ideological reasons, but at least it reports interesting information, dareisay even facts, rather than the same cycle of readership-pandering emotional manipulation and tribal indoctrination that comes with every HPI press release and policy announcement.