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Tackling housing market volatility in the UK
Posted on: 1 July 2011
By: mackene
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Filed under: News
The Joseph Rowntree Foundation has published a report which contains the conclusions of the Foundation’s Housing Market Taskforce. It argues that urgent action is needed now before another boom and bust cycle takes hold. The report examines: how improving housing supply can limit volatility in the long run; how using credit controls and reforming taxation could limit volatility in the short run; how promoting financial capability among borrowers and responsible lending could be combined with an improved safety net to limit mortgage arrears and repossessions; and the possibilities for developing alternatives to home-ownership.
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