Market Comment 11th Dec 2009 PDF Print E-mail
User Rating: / 0
PoorBest 
Written by TrigoldCrystal Marketing Manager   
Friday, 11 December 2009 00:00
So the stamp duty threshold is to be lowered again. We are going through one of the largest social upheavals of recent years. With the credit crunch past and the economy really struggling to get off the ground again is this measure really part of the answer?

What was the engine of pre-crunch prosperity? The housing market. A vital part of getting the economy growing again is surely to do everything possible to help this sector recover. We understand that our government has had to make some extremely difficult decisions over how to get credit flowing again but what about consumers?

The rise in VAT may not be huge and is generally fairly aimed at those with money to spend (though we all have to eat) but it will have an effect on those saving for a deposit. Adding to that the cost of stamp duty in an important area of the market just puts more barriers in the way of housing market recovery. We all have to grin and bear it at the moment but measures like this make everything more difficult.
Last Updated on Tuesday, 12 January 2010 07:36