AHIPP are supporting a call by the National Association of Estate Agents (NAEA) to provide clarity and certainty without delay.
Mike Ockenden, director general, AHIPP said: “The few buyers that were out in the market place have put their plans on hold in the hope that moving house will become cheaper in the next month or so, this dithering by the government is making a desperate situation even starker.”
AHIPP have also supported a call from the Council of Mortgage Lenders (CML) and other industry bodies for the government to incentivise lenders to start issuing bonds into the public markets through an existing monetary policy instrument.
Finally AHIPP are calling on the government to provide tangible support for property developers to help re-ignite the market.
Ockenden concluded:'“The suspension of stamp duty, incentives to mortgage lenders and support for developers will give the government a real chance of kick starting this dreadful market. The number of new properties standing empty is astonishing. By taking in these lower priced completed properties government could provide real support to key workers, particularly in inner city areas.”
