HOUSING RESCUE PACKAGE AN EMPTY BOX 
2nd September 2008

"How strange that a government seeking to help current home-owners facing repossession should announce support for buyers to acquire only empty new-build homes, clearly builders shouted the loudest" says bemused Trevor Kent, former president of The National Association of Estate Agents.  "Surely helping new buyers to take homes off those who can't afford their mortgages would kill two birds with one stone.  Their Stamp Duty 'holiday' limited to purchases under 175,000 will be of little use to the general market either, but again very helpful to high volume builders. Do our  legislators ever ask experts for advice, or do they just blunder on blindly, totally confident in their own infallibility?".

End
 
Trevor Kent PPNAEA
01753 885522
Former President NAEA and regular property market commentator and broadcaster

 

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