The slowdown in the UK housing market was driven by the Government's indecision over stamp duty last month, the National Association of Estate Agents (NAEA) has claimed.
In a recent survey of its members, some 98 per cent said consumer confidence in the market was further damaged last month by the chancellor’s uncertainty over whether to ease stamp duty laws .
The members last month reported a slight decrease in the number of houses available, sales agreed and percentage of first time buyers .
According to the NAEA, many buyers decided to wait until a decision had been made before looking for a mortgage deal .
Chris Brown, president of the NAEA, said the Chancellor’s comments made August a hard month for both buyers and estate agents .
"It was a month of indecision and this evidently has had a profound effect on the market, as many consumers adopted a ‘wait and see' attitude, whist waiting for a decision from the Government on stamp duty," he explained.
"It was already a tough market and consumers are desperate for changes to be made, therefore a comment like this will of course have a major effect on the market place."
|
||||||||
|
Buying property
Selling property Estate agent fees Free property guides Conveyancing services Mortgage services See all Property Guides
 My estateagents
|
Stamp Duty Indecision Contributed To Housing Market Slowdown Wed, 24 Sep 2008
     Recommended linksYour online estate agents resourceUK estate agents locator Property sale guide Property for rent Overseas property search Estate agent fees Estate Agents To Blame For Property Market Slump, Expert Claims House Sales Slump To 30-Year Low Estate agents praise stamp duty cut 10,000 estate agents could lose jobs Slump In House Sales Continues Find and compare the best mortgage deals |
|
||||||
Site Map |
About estateagents.co.uk |
Contact |
Terms & Conditions |
Links |
Press |
Estate Agents Login | 
© 1999-2008 estateagents.co.uk
© 1999-2008 estateagents.co.uk