NAEA chief adopts 'wait and see approach' to govt speech
News Category: Industry News
Published: 23-Apr-2009
This article was brought to you by Rentman the premium property management system
All the UK can do is sit back and wait to notice what affect the government's latest announcements have on the property market.
That is the opinion of National Association of Estate Agents (NAEA) chief executive Peter Bolton King, who claimed that everyone is "going to have to wait and see" whether comments made in yesterday's Budget speech will be enough to improve the sector.
"All we can say is, 'It needs to be carefully monitored, and more may need to be done'," he remarked.
Mr Bolton King also suggested that chancellor Alistair Darling really "missed an opportunity" to stimulate the market with his Budget announcement. This is an opinion echoed by Association of Residential Letting Agents operations manager Ian Potter.
During yesterday's speech, Mr Darling revealed a £600 million funding package of measures to build more homes by unlocking sites that are currently sitting dormant.
He also announced an extension of the stamp duty holiday for all houses costing up to £175,000 until the end of this year.
See how a property management system makes property management easy
