As soon as the general election determines the next government, emphasis will need to be placed on making more pressing issues, such as housing and homeownership, a priority, so that more people have a chance of buying a home of their own, according to haart, one of the UK’s largest independent estate agents.
With demand continuing to outweigh supply, the company believe that boosting the supply of new build homes must be a priority. But it also wants to see more radical measures introduced to assist would-be property purchasers, including a stamp duty holiday for first-time buyers, incentives for older families looking to move up the ladder, as well as incentives for older people looking to downsize.
Paul Smith, CEO of haart, commented: “Elections usually see a slowdown in the market, and this year is certainly no different. However thankfully this time round the run up period is short, and soon the property market can jump off this latest political rollercoaster and resume activity again.