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Price Control

Volume 496: debated on Tuesday 26 February 1952

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24.

asked the Minister of Housing and Local Government if he will give an early indication of the Government's intentions in regard to the control of house selling price, provided for in Section 43 of the Housing Act, 1949, which expires in 1953; and if he will take action as soon as possible in this matter.

I am watching the situation carefully and will take action as soon as it seems expedient to do so.

While the Minister is watching the situation, will he bear in mind the very genuine hardship which is caused to people who have put up a house at their own expense and have then had to move to another district, by reason of their having to sell their house and use the proceeds to buy a secondhand house at a very much higher price?

Yes, Sir, that is true; but so long as there is a high demand and a comparatively short supply I think that we must keep some protection, and as this does not expire for another 18 months I do not think that I need act immediately.