The government policies are usually used to regulate or correct the market dynamics of the housing sector in order to make the market a beneficial one for all parties.
The intervention of the government in the housing market can be for taking control of the market failures, increasing the equity nd fairness of dissemination in the market as well a to enable the market to be able to operate in an efficient manner.
The role of the government is purely that of a monitoring and regulatory authority; however it does have significant influence on the housing sector of any country through taxes, stamp duty and subsidies. “The Government is an important player in addressing problems with housing supply. Through the Sustainable Communities Plan and current housing and planning bills, it has already embarked on major reforms of the planning system and of social housing” (‘Kate Barker’s Review of Housing Supply: Interim Report Published’, 2003)
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