Thursday, June 23, 2016
“Housing and mortgage markets have re-accelerated since mid-2015 (…) However, the recent acceleration in housing markets could partly be a temporary response to tax changes (…) Macroprudential policies will need to be tightened later this year if the acceleration does not prove temporary (…) The buy-to-let (BTL) segment, which has grown rapidly in recent years, needs to be put on an equal regulatory footing with the owner-occupied segment (…) Efforts should also continue to address supply constraints (…)”, says the IMF’s latest report on the United Kingdom.
Also, see further discussion on recent developments in UK’s property market here.
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