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NEWS
Are we heading for a Double Dip?
12/01/2009 The National Association Of Estate Agents (NAEA) has warned the Chancellor of its fears of a double-dip recession. It has called on the Government to take immediate and decisive action to stave this off. In a hard-hitting message to Alistair Darling ahead of his Autumn Budget Statement on December 9, the NAEA says: "We call on the Government to take action to stimulate housing sales, as we fear that the current recovery is in danger of stalling, producing a so-called W-shaped recession." The NAEA has issued a series of demands. It wants the Government to suspend HIPs, saying their cost is punishing sellers whilst being of almost no interest to buyers. It also wants the Government to actively encourage lenders to give high loan-to-value mortgages to first-time buyers. It asks the Government to consider copying the US, where first-time buyers are being given a tax credit worth £4,000. This has given a real boost to their new-homes market. The NAEA is also calling on the Government to extend the current Stamp Duty holiday and to re-examine the entire Stamp Duty regime with a view to reform. Matthew Cousins, Branch Manager of Inspire Estates comments: "the stamp duty holiday should be extended to help more people onto the property ladder. They should also increase the thresehold at £250,000 which has remained at this level for mainy years to help substain and stimulate further activity in the higher end of the market. 2009 has been an encouraging year for Estate Agents but the threat of rising interest rates and growing unemployment means the property market is finely balanced" "We wholeheartedly support the NAEA's campaign, we would like the Government to go further and undertake a fundamental and long overdue reform of this tax, we strongly urge the government to urge lenders to increase mortgage lending at sensible lower loan to value mortgages i.e 5% deposits." |
NEWS
03/12/2010
Attention Crawley Landlords 50% of our Fully Managed Fees for the first 6 months including rent guarantee! 24/03/2010
Helping Hand for Crawley's first time buyers! Stamp duty threshold increased from £125,000 to £250,000 for at least 2 years 03/12/2009
Quick Sale Required We are looking for a number of 2 or more bedroom properties in Crawley for an investor who is looking to purchase 12 properties, ideally that need modernisation. 12/01/2009
Are we heading for a Double Dip? The term "Double Dip" keeps appearing in news headlines, is the housing market really heading for one? and what can we the government do to avoid one? 01/07/2006
Exciting 3D virtual tours introduced See how a virtual walkthrough and tour could benefit the sale of your property |
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