RE: bubble13 Sep 2013 17:03
It's only a proposal from a think tank that has little else to day. It is completely unworkable due to the price differentials around the UK. For example, prices may be up 5% in London but down by 4% on Northampton. How does one regulate the fiscal control when the key measure differs not only from town to town but street to street.
Lenders, estate agents and property websites have been reporting signs of confidence flooding back into the housing market in recent months following the launch of Government schemes such as Funding for Lending, NewBuy and Help to Buy, which have widened the availability of loans and fuelled a price war among mortgage providers. Having started many of these schemes, why would the government put the breaks on success?