皇家华人

On September 7^th, IIPP Professor in Economics and Finance Josh Ryan-Collins was invited to give the keynote speech at the annual Congress of the , Poland鈥檚 leading progressive economics association, in the town of D膮browa G贸rnicza near Katowice in southern Poland.聽 Josh鈥檚 talk focussed on how to overcome rent extraction dynamics in modern capitalist systems, and he later joined a panel of guests debating Poland鈥檚 future development path. He also gave an for the Polish broadsheet onet.pl on how Poland should deal with its only housing affordability crisis.

鈥淭he available evidence suggests that most mortgage subsidy regimes for first-time buyers tend to inflate house prices further and thus worsen affordability in the medium term 鈥� certainly this is what happened in the UK with our 鈥楬elp-to-buy鈥� schemes.聽 Governments should instead consider direct investment in new affordable public housing and raising property taxes on speculative demand for housing, including second homes to help free up existing supply.鈥�

For more information on this subject, contact Prof. Josh Ryan-Collins,听j.ryan-collins@ucl.ac.uk