Bloomberg News online:
More Manna From Heaven for Britain's Lucky Builders
2 October 2017
The cure for the U.K. housing market is more supply, not more demand. It's true that Help to Buy's introduction in 2013 and a market rebound gave developers the incentive to build more, with new starts in 2016 at their highest since the crisis. Yet since 1970, construction has fallen while prices have risen, according to Dr. Christian Hilber, of the London School of Economics. Help To Buy isn't doing much to close this gap.