17 March 2009
FIVE REASONS TO SAY ‘THANK YOU, DARLING’ THIS BUDGET DAY
The National Association of Estate Agents today calls on the Government to pull the housing market out of its slump, help first time buyers and set the country on course for economic recovery.
In a submission delivered to Downing Street, the NAEA called on Chancellor Alastair Darling to follow its seven point recovery plan when he announces his budget on April 22.
In the budget submission, the NAEA calls on Mr Darling to:
- Abolish or reform Stamp Duty Land Tax
- Boost liquidity to free up lending
- Improve access to finance for first time buyers
- Suspend Home Information Packs
- Help property owners and tenants to stay in their homes
Peter Bolton King, chief executive of the National Association of Estate Agents, said: “The state of the housing market reflects the overall health of the economy. The Government must take urgent and immediate action to support it.
“The measures proposed today by the NAEA are achievable, they are practicable and they will help to boost confidence in the market amongst consumers.
“These measures give specific support to the thousands of people who aspire to buy their first house but who are frustrated by the lack of lending currently hampering the housing market.
”If the Chancellor takes heed, then homeowners and house hunters across the country will have five reasons to say ‘Thank-you, Darling’.”
Please find attached a copy of the National Federation of Property Professional’s Budget Submission.
The National Federation of Property Professionals is the umbrella organisation for the National Association of Estate Agents, the Association of Residential Lettings Agents, Propertylive.co.uk, the Institution of Commercial Business Agents and the National Association of Valuers and Auctioneers.
Editor Notes
Based in Warwick, the National Federation of Property Professionals and its divisions have a combined membership of just under 14,000. The NAEA and ARLA are the UK’s leading professional bodies in the sales and letting sectors of the property market. Our over-arching aim is to promote the highest standards of professionalism and integrity among those working within the property industry, and to encourage members of the public to proactively seek out our members when involved in any kind of property transaction. The Federation is the awarding body, via the QCA, for a number of Examinations and Diplomas, in addition to which some 250 short courses are run each year covering a wide range of subjects. It also holds a number of specialist conferences and forums throughout the year.
Contacts
For more information, images or to arrange an interview, please contact:
NFOPP Press Office
T - 020 3128 8181
E – press@nfoppmedia.com
Follow Peter Bolton King on Twitter at www.twitter.com/peterboltonking
