CML calls for new approach to housing market

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The Council of Mortgage Lenders (CML) has called on the Government to take a more holistic approach to housing market issues in a research article.

The article, which focuses on how ‘housing careers’ have changed over the past twenty-five years, reveals how housing tenures have become increasingly complex as society changes. The CML says affordability, the need to be geographically mobile, fluid household structures and inward migration have boosted the demand for private rented accommodation. Equally, increasing wealth has meant many people are able to afford larger homes, buy second ‘holiday homes’ and to buy properties for let. The CML says policy responses to issues of affordability have brought about a number of initiatives, ...

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