Measures to curb inflation in London's housing market

Meeting: 
MQT on 2014-11-19
Session date: 
November 19, 2014
Reference: 
2014/4266
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

What demand-side measures would you support to curb the high rate of inflation in London's housing market?

Answer

Answer for Measures to curb inflation in London's housing market

Answer for Measures to curb inflation in London's housing market

Answered By: 
The Mayor

I am open to proposals for additional council tax bands for more valuable properties, which would tend to reduce demand at the top of the market. I also support the Bank of England's recent measures to limit the amount of mortgage lending at high loan to value ratios.