My Lords, I think we are going to have to disagree on this. The noble Lord, Lord Campbell-Savours, made the point that owners would get the uplift from house price inflation. However, that could be the other way round, as after five years, a house could be worth less. The housing market is cyclical—prices go down as well as up—so there will not necessarily be an increase in the house price after five years.
Housing and Planning Bill
Proceeding contribution from
Baroness Williams of Trafford
(Conservative)
in the House of Lords on Thursday, 3 March 2016.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Housing and Planning Bill.
About this proceeding contribution
Reference
769 c1017Session
2015-16Chamber / Committee
House of Lords chamberLibrarians' tools
Timestamp
2016-03-09 17:49:58 +0000
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