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George Osbornes has set out to manipulate the property market through various new Government backed funding schemes. With property prices still in the realms of bubble scale multiples of income should he be encouraging people to risk more.Will it all end in disaster? Will it all pop in our faces?
The Governments continued faith in the housing market to fuel economic growth comes under fire by Merryn Somerset Webb's article in the Spectator.
Something to chew over.
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2 comments:
Let us not to act like the agent of doom and gloom. the Buy-to-let scheme is a timely measure to spur much needed activities in the construction industry and the housing market. The problem with us here in the UK, no matter what happens, we tend to chritisie it. Can't we just find a positive aspect to anything happens in the economy?
Foreign buyers tend to push up the market in London, however this isn't a bad thing as the contribution to the economy they make when they are in the country is enormous.
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