IPPR: Bank of England needs to freeze house prices

The Bank of England should freeze UK house prices for five years to help prevent another financial crisis, according to the Institute for Public Policy Research. The think tank has urged the BoE to introduce a separate new inflation target, arguing that this could lead to house prices falling by around 10% in real terms as other prices and wages continue to rise, making homes more affordable. Under the proposals, house prices would be allowed to increase "only after expectations of constantly rising house prices have been 'reset'".

The Independent (09/07/2018)