AT first glance, housing doesn’t seem to be related to fiscal consolidation. However, stability of land price and, by extension, a stable housing market is key to continuous economic growth that’s driven by the private sector and household spending.
This is because a stable housing market in the form of affordable housing facilitated by land price stability implies less debt leverage, which means higher purchasing power and more savings to be set aside to spend in future.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
