Ideas for building Property Market 3.0
This post looks at what foundation stones the Government should put in place to build the next generation of Ireland’s property market. It briefly reviews two that I’ve discussed before – the importance of a national house price register and a land value tax – before outlining two further proposals in more detail. A set-in-stone minimum deposit would greatly reduce the potential for policy to amplify bubbles, while banning variable rate mortgages would not only protect vulnerable households but also reduce the degree to which the economy is subject to ECB-induced recessions. Read more