The Broken Housing Market Conference
Event Type
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A joint NIESR/RICS/CaCHE/CFM conference
This free one-day conference will bring together leading academics, policymakers and practitioners to discuss what is "broken" about the UK housing market and how we might go about fixing it. The event will take place at the Institution of Civil Engineers, Westminster, SW1P 3AA.
Programme:
| 09:00 – 09:30 | Registration and coffee |
| 09:30 – 09:45 | Opening remarks: Matthew Howell (Managing Director UK & Ireland, RICS) |
| 09:45 – 11:00 | “Housing and consumption”
Chair: Jeffrey Matsu (RICS and CaCHE) Luisa Corrado (Tor Vergata Rome): “Consumption Dynamics, Housing Collateral and Stabilisation Policies: A Way Forward for Policy Co-Ordination?” (joint with Jagjit Chadha and Germana Corrado)- Please find the presentation's slides here. Peter Levell (Institute for Fiscal Studies): “Consumption spending, housing investments and the role of leverage” (joint with Thomas Crossley and Hamish Low) David Miles (Imperial College): “Houses across time and across place” (joint with James Sefton) - Please find the presentation's slides here. |
| 11:00 – 11:15 | Coffee |
| 11:15 – 12:45 | “Housing Affordability”
Chair: Roger Farmer (Warwick and NIESR) Philippe Bracke (Bank of England): “Housing affordability and shared equity mortgages” (joint with Matteo Benetton, Joao Cocco, and Nicola Garbarino) Ian Mulheirn (Oxford Economics): “Modelling UK House Prices and Home Ownership” (joint with Nishaal Gooroochurn). Please find the presentation's slides here. Kieran McQuinn (ESRI): “Exploring Affordability in the Irish Housing Market” (joint with Eoin Corrigan, Daniel Foley, Yvonne McCarthy, Conor O'Toole and Rachel Slaymaker) Richard Donnell (Hometrack): “Cross tenure housing affordability from a market and end-user perspective”. Please find the presentation's slides here. |
| 12:45 – 14:00 | Lunch |
| 14:00 – 14:45 | Keynote: "Housing policy 2004-2018; three steps forward and two steps back"
Dame Kate Barker (Taylor Wimpey) Please find the presentation's slides here. Discussion: Stephen Aldridge (MHCLG) |
| 14:45 – 15:00 | Tea |
| 15:00 – 16:15 | “Policy lessons for a ‘broken’ housing market”
Chair: Jagjit Chadha (NIESR) Paul Cheshire (LSE): “Broken market or broken policy? The unintended consequences of restrictive planning” - Please find the presentation's slides here. John Muellbauer (Oxford): “Housing, Debt and the Economy: A Tale of Two Countries” - Please find the presentation's slides here. Christine Whitehead (LSE): “Housing policy and the changing tenure mix” - Please find the presentation's slides here. Liam Halligan (Telegraph): “A Manifesto for Change” - Please find the presentation's slides here. |
| 16:15-16:45 | Closing remarks: “Fixing the Housing Market” - Ken Gibb (CaCHE and Glasgow) |
To register please follow this link
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Highlights from our "Broken Housing Market" Conference, held on 1st June at Institution of Civil Engineers (ICE). This free one-day conference brought together leading academics, policymakers and practitioners to discuss what is "broken" about the UK housing market and how we might go about fixing it.
UPDATE: Material from our August Economic Review on Housing:
"Reflecting on the Broken Housing Market" - the introduction to the National Institute Economic Review, no 245, August 2018, by Prof. Jagjit Chadha and David Nguyen
We also published 3 blogs on topics covered in the Review:
- "What Germany can teach us about repairing our broken housing market" by Prof John Muellbauer
- "Our housing crisis – not market failure: persistent policy failure" by Prof Paul Cheshire
- "Why is housing policy such a mess?" by Prof Christine Whitehead
You can find the full programme here. Presentations included:
Luisa Corrado (Tor Vergata Rome): “Consumption Dynamics, Housing Collateral and Stabilisation Policies: A Way Forward for Policy Co-Ordination?” (joint with Jagjit Chadha and Germana Corrado) - Please find the presentation's slides here.
David Miles (Imperial College): “Houses across time and across place” (joint with James Sefton) - Please find the presentation's slides here.
Ian Mulheirn (Oxford Economics): “Modelling UK House Prices and Home Ownership” (joint with Nishaal Gooroochurn) - Please find the presentation's slides here.
Richard Donnell (Hometrack): “Cross tenure housing affordability from a market and end-user perspective” - Please find the presentation's slides here.
Dame Kate Barker (Taylor Wimpey) Please find the presentation's slides here.
Paul Cheshire (LSE): “Broken market or broken policy? The unintended consequences of restrictive planning” - Please find the presentation's slides here.
John Muellbauer (Oxford): “Housing, Debt and the Economy: A Tale of Two Countries” - Please find the presentation's slides here.
Christine Whitehead (LSE): “Housing policy and the changing tenure mix” - Please find the presentation's slides here.
Liam Halligan (Telegraph): “A Manifesto for Change” - Please find the presentation's slides here.
Some of the research themes emerging at the conference will be explored further in our next Economic Review, out on 1st August, as our Director Jagjit Chadha explains below, in the first of a selection of short clips featuring some the speakers.
Prof Ken Gibb, Director of the UK Collaborative Centre for Housing Evidence (CaCHE), giving an overview of the Conference:
Keynote speaker, Dame Kate Barker, explaining why supply is only part of the solution to the housing crisis:
Prof David Miles, Professor of Financial Economics at Imperial College London, highlights the key points from his presentation at the Conference:
Ian Mulheirn, Director of Consult at Oxford Economics, shares the main highlights from his presentation 'Modelling House Prices and Home Ownership':
Richard Donnell, Research and Insight Director, Hometrack, reflects on why we should not consider the housing market as one but many different markets:
Peter Levell, Senior Research Economist at the Institute For Fiscal Studies (IFS), discusses research that he presented at the Conference: