Tuesday, November 29, 2011
Commenting on today's Autumn Statement, Wendy Evans-Scott,
President of the National Association of Estate Agents (NAEA)
said:
"We were disappointed to see that the first time buyer holiday
for Stamp Duty Land Tax is not being extended beyond March 2012. As
such, today's Autumn Statement fails to provide much comfort to the
property market. First time buyers are the lifeblood of the
property market, and our recent data shows the number of first time
buyers getting on to the housing ladder has reached a three-year
low. With the stamp duty holiday disappearing from next March,
the Government will need to do more to help the fragile first time
buyer market."