Field, M. (2014) Another take on UK house price inflation. Evidence. 12, pp. 6-7.
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| Item Type: | Article |
|---|---|
| Abstract: | There are mixed responses to signs that the UK’s housing market is recovering from the 2007-08 depression: anxiety in some quarters about what rising housing prices and costs mean for a growing number of households, and satisfaction in others for the resilience being shown by a ‘free’ economy. With those thoughts in mind, some brief suggestions are offered on what might be feasible as a deliberate approach to fostering a reduction in UK house values and subsequent market ‘sale’ prices, over and above any public ‘hopes’ that prices might fall if there was to be a significant amount of new house-building – a ‘classic ‘economic tenet that a suitably-supplied market will exert a deflationary pressure on prices. There seems a distinct naivety (or wishful-thinking) that the current interests responsible for building any new abundance of properties will, by themselves, bring that about at such a speed to exert a real check on house prices – one should imagine not, if that might also depress a growth in profits – or that this would be sufficient to address the underlying market failure. |
| Uncontrolled Keywords: | housing, market, house prices, reductions |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD7287.3 Housing policy |
| Creators: | Field, Martin |
| Publisher: | Housing Quality Network |
| Northamptonshire and East Midlands: |
Housing Local Economy and Regeneration |
| Faculties, Divisions and Institutes: | University Faculties, Divisions and Research Centres - OLD > Research Centre > Northampton Institute for Urban Affairs |
| Date: | September 2014 |
| Date Type: | Publication |
| Page Range: | pp. 6-7 |
| Journal or Publication Title: | Evidence |
| Volume: | 12 |
| Language: | English |
| Status: | Published / Disseminated |
| Refereed: | Yes |
| URI: | http://nectar.northampton.ac.uk/id/eprint/7387 |
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