Government should avoid 'meddling' with property market
22nd August 2008
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Eliminating government manipulation of the property market is much better than a stamp duty holiday, a property expert has said.
According to first-time buyers' solutions provider Firstrung, the property market is currently in a state of correction and it should be allowed to do so without government interference.
CEO Paul Holmes said: "Stamp duty is not going to heal all the problems in the housing market in one stroke.
"Market forces are now correcting the market and it should be allowed to correct without any governmental interference."
His views come in the wake of widespread speculation that the government is looking at a number of options on stamp duty reform as a method of easing the strain on the housing market.
However, the government is yet to make a clear stand on the issue, a situation that has been claimed to be hurting the property market as some buyers are shying away from buying property in the hope the levy will be abolished.
Are you looking to invest in a property in the United Kingdom? Simpli Group Property has a selection of properties that will make you a great return on investment. Speak to our property experts.
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UK Property Investment
22nd August 2008
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Eliminating government manipulation of the property market is much better than a stamp duty holiday, a property expert has said.
According to first-time buyers' solutions provider Firstrung, the property market is currently in a state of correction and it should be allowed to do so without government interference.
CEO Paul Holmes said: "Stamp duty is not going to heal all the problems in the housing market in one stroke.
"Market forces are now correcting the market and it should be allowed to correct without any governmental interference."
His views come in the wake of widespread speculation that the government is looking at a number of options on stamp duty reform as a method of easing the strain on the housing market.
However, the government is yet to make a clear stand on the issue, a situation that has been claimed to be hurting the property market as some buyers are shying away from buying property in the hope the levy will be abolished.
Are you looking to invest in a property in the United Kingdom? Simpli Group Property has a selection of properties that will make you a great return on investment. Speak to our property experts.
<< Back to News