The Bank of England could be set a target for house price inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes.
Make land banks illegal and repossess them from the house builders, sell land to individuals to self build and build sufficient council housing. Sorted.
May be nationalising home ownership and forcing sales to increase supply and lower prices or backing unrepayable mortgages to increase demand. I think it would be better to break the view that a house is an investment rather than a home, by for instance, CGT on all gains.
inflation under them went to its highest in our history just under 25% during the 70s when UNION power was out of control 'look it up
Long overdue but no substitute for structural reform. No more 'tinkering around the edges'? End housing apartheid and blame game.