House of Lords committee to examine UK Housing Market

House of Lords committee to examine UK Housing Market

14:52 PM, 4th November 2015, About 7 years ago 4

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Written submissions are invited by the House of Lords Economic Affairs Committee for its ‘Economics of the United Kingdom housing market inquiry’house

Scope of the inquiry

The Committee is to investigate the economics of the UK housing market. Buying a house is becoming increasingly unaffordable for first time buyers. The cost of private rented accommodation is rising and there is a lack of affordable social housing. This Inquiry will consider the economic factors that influence the demand for and availability of reasonably priced housing to buy and to rent. This is a complex topic and the inquiry will particularly focus on the effectiveness of government economic measures designed to improve housing affordability.




23:13 PM, 4th November 2015, About 7 years ago

This seems to be a good opportunity to call for tax incentives to encourage investment in the private rented sector.

Alison King

17:59 PM, 5th November 2015, About 7 years ago

I think this is a very good thing. At the moment housing policy seems to have descended into a ragbag of knee-jerk measures that are reactionary, made in isolation to each other, politically and financially motivated for the short-term and done without consultation. It's about time a properly commissioned body took a good look at the whole machine, established some clear objectives, performed a detailed and unbiased analysis and came up with a coherent strategy.
At the moment it is impossible to form any sort of plan or make any long-term decisions as we are all working in the dark and trying to guess what the government might do next. It isn't fair on landlords, tenants or home buyers.

Mark Shine

20:16 PM, 5th November 2015, About 7 years ago


'2. Privately Rented Accommodation: What measures can be taken to increase the supply of low cost private rental properties in the UK?
* Will the reduction of tax relief available to private landlords announced by the Chancellor of the Exchequer in the 2015 Budget increase the cost of privately rented accommodation?'

Should they be sent a link to asking the Lords to read the submissions as GO, DG and crew perhaps did not?

Dr Rosalind Beck

9:40 AM, 7th November 2015, About 7 years ago

Yes, definitely. And the more of us that do this the better. It would also be good if someone goes through and selects a few of the better ones to recommend to them.

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