Review on property tax required, says NAEA
The government needs to look into a number of legislative areas of the property market, according to National Association of Estate Agents (NAEA).
Home information packs (Hips) and property tax need to be analysed by politicians, the group said.
By looking at these areas of the sector, some market improvements can apparently be made.
Hips and stamp duty "dampen activity across the market, particularly for first-time buyers", the professional body for estate agents revealed.
The NAEA said that now is a good time for the government to act, following Nationwide Building Society's recent housing research, which showed that property prices rose 1.2 per cent in May.
Last month, the association released data suggesting that there is more confidence among homebuyers and the average estate agent sold ten properties in April - two more than the previous month.
To book your free initial consultation with mortgages for professionals click here.
Home information packs (Hips) and property tax need to be analysed by politicians, the group said.
By looking at these areas of the sector, some market improvements can apparently be made.
Hips and stamp duty "dampen activity across the market, particularly for first-time buyers", the professional body for estate agents revealed.
The NAEA said that now is a good time for the government to act, following Nationwide Building Society's recent housing research, which showed that property prices rose 1.2 per cent in May.
Last month, the association released data suggesting that there is more confidence among homebuyers and the average estate agent sold ten properties in April - two more than the previous month.
To book your free initial consultation with mortgages for professionals click here.
