Anorak

Anorak | The IMF Says Britain Should Build More Houses: Increase Supply, Dummy

The IMF Says Britain Should Build More Houses: Increase Supply, Dummy

by | 10th, June 2014

WE don’t really need an international economics organisation to tell us this: that Britain should build more houses. That prices are going through the roof, that no one normal can actually afford on in London any more, is all the evidence we need that there’s simply not enough of them to go around.

Because, you know, when prices go up that’s a signal that supply is falling behind demand, that basic idea at the heart of economics stuff. But the IMF has gone ahead and told us so anyway :

On the issue of planning, she said: “But we also recognise that rising house prices fundamentally reflect demand that greatly exceeds supply. Addressing imbalances in the housing market by alleviating supply-side constraints will require further measures to increase the availability of land, land for development and to remove unnecessary constraints to land use.”

The IMF’s report also criticised the “unnecessary constraints on brownfield and greenfield developments”.

There’s simply no

You have already read 1 premium article for free today
Access immediately the premium content with Multipass

Or come back tomorrow



Posted: 10th, June 2014 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink