IMF and House Prices

Commenting on the IMF's annual assessment of the UK economy, Duncan Stott, director of the affordable house price campaign PricedOut, said:

"Today's warning from the IMF demonstrates that the UK housing market is once again out of control. We now know that rising house prices pose a real danger to our economy, as well as pricing out ever more workers from a home of their own.

"The government must respond to the IMF's warning by developing a wholesale strategy that will bring an end to rising house prices. A target of zero house price inflation would both de-risk the economy and enable the Conservatives to meet their promise to double the number of first-time buyers."

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