I doubt that had much of an impact. The biggest problem has been the HUGE levels of immigration and the low levels of house building relative to this figure.Interesting article. It does make you wonder about the selling off of all the council houses and it's effect
Too many people not enough houses. And now recently the government is punishing landlords who are now getting out of the market.
That would not have the effect I think you think it will have. House prices will still go up, so renting tenants will be doubly punished by not only higher rent but by higher council tax.Perhaps we should reinstate the original concept of Rates (aka Council Tax)...
You pay tax based on the current rental value of your house...
Then whenever the rents in an area increase, the council gets a cash injection to assist building more homes and infrastructure.
Perhaps when house values go up through shortage of supply, homeowners should be thinking "sh!t, that's the tax going up 25%".
Perhaps NIMBYs would welcome new developments to keep the prices low, rather being invested in the shortage and the suffering of others.
I dislike council tax as it is a fixed cost that cannot be mitigated by the poor. It hurts the poor the most.