More than half of British households could be renting before too long. Housing policy must begin to address this majority
Ask the Bank of England about the biggest threat to the recovery and the answer will most likely be the housing market.
Since the governor, Mark Carney, warned in May about the risk of another big debt overhang, the housing market has shown signs of coming off the boil a little. No doubt this week's monthly meeting of the monetary policy committee will spend some time debating whether this is the start of a slowdown.
Continue reading...