NAEA publishes market rescue plan

The National Association of Estate Agents has released a five-point plan to boost the housing market – and calls on Chancellor Alistair Darling to take heed in next week’s Budget.

In a submission delivered to Downing Street, the NAEA calls on Darling to abolish or reform Stamp Duty Land Tax, boost liquidity to free up lending
and improve access to finance for first-time buyers.

It also wants Home Information Packs to be suspended and for the government to help property owners and tenants to stay in their homes.

Peter Bolton King, chief executive of the National Association of Estate Agents, says: “This Budget provides the Chancellor a perfect opportunity to consolidate and build on recent figures that show confidence returning to the housing market.

“The housing market serves as a barometer for the rest of the economy – and the measures proposed by the National Association of Estate Agents will help to improve the current gloomy forecast.

“People across the UK want to buy property and own their homes and the Government can and should do more to help them.”