propertytalk Live! - Better housing policies promote economic growth
Poorly managed housing markets played a key role in triggering the recent global financial crisis and may be slowing the recovery.
A new study from the Organisation for Economic Co-operation and Development (OECD) offers governments a roadmap for sounder housing policies.
“Housing and the Economy: Policies for Renovation” says reforms to financial sector regulation, taxation, land-use, rental market rules and the provision of social housing will improve both the real estate sector and spill-over to the economy as a whole.
“OECD countries have seen the damage caused by badly designed policies through their effects on housing markets,” said OECD Secretary-General Angel Gurria. “As we search for new sources of growth, as we seek to restore trust in our financial sectors, as we try to green our economies, policies related to housing can have a huge impact on our future”.
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