Housing policy and the changing tenure mix

Christine Whitehead

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The paper discusses the many reasons why housing policy can appear to be both incoherent and ineffective - with too many Departments involved each with different objectives and a plethora of policies pulling in different directions. Drawing on earlier research findings the paper discusses three examples which have impacted on tenure mix – the growth in the private rented sector where policy initiatives – except for unintended side effects – have been limited and market and macroeconomic pressures have dominated; a range of tax anomalies which provide inconsistent incentives and generate considerable costs to the economy; and the impact of specific policies which concentrate on supporting owner-occupation through new build initiatives. The paper concludes by asking whether housing policy is inherently unable to withstand the pressures placed on it by both politics and macroeconomic realities.

Keywords: housing policy; private sector; housing taxation; new build; owner-occupation (search for similar items in EconPapers)
JEL-codes: H11 H24 H31 H44 (search for similar items in EconPapers)
Date: 2018-08-01
New Economics Papers: this item is included in nep-pbe and nep-ure
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Published in National Institute Economic Review, 1, August, 2018, 245(1), pp. R34-R39. ISSN: 0027-9501

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:90172

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