Chancellor "missed an opportunity" to support housing market
Measures announced by chancellor Alistair Darling in last week's Budget are unlikely to be enough to support the struggling housing market, it has been suggested.
According to Peter Bolton King, chief executive of the National Association of Estate Agents, the government has not gone far enough.
Mr Darling announced that the increase in the threshold for stamp duty would be extended to the end of the year, having originally been planned to last only until September.
But Mr Bolton King argued that a further rise would have been more beneficial, stating: "He's missed an opportunity to really stimulate the market."
Those planning to live in London but who are struggling to get onto the property ladder at present may prefer to consider flats to rent in Dulwich and other areas.
Following the Budget announcement, the Association of Mortgage Intermediaries stated that complete abolition of stamp duty would have been a "bolder" step.
Written by Tom Price
Published 27th April, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
Measures announced by chancellor Alistair Darling in last week's Budget are unlikely to be enough to support the struggling housing market, it has been suggested.