Note to new PM: here's how to revitalise the property market
Helen Marsh, Residential Property partner, has written for The Times offering advice to the next PM on how to go about revitalising the property market stating that reducing stamp duty and building more affordable homes would bring benefits to the wider economy.
In the article, entitled 'Note to new PM: here's how to revitalise the property market' (which is available in full behind a paywall), Helen recommends four key actions for the new government:
- reduce the rate of stamp duty land tax
- do not introduce higher rates of stamp duty for overseas buyers
- get on with the proposed reform of leasehold law, or confirm that it is not happening
- build more affordable housing, whether through local authorities or by giving incentives to private developers.