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UK: What Budget measures could boost the property market?

Posted on 22 March 2012

We’ll find out very shortly what will be in George Osborne’s Budget, but in advance of his announcements, estate agency eMoov.co.uk has suggested ways the Chancellor could bring buoyancy and stability to the property market:
1. Stamp Duty - Traditionally paid by buyers, stamp duty should instead be paid by the seller. This will allow beleaguered buyers to buy more easily and for sellers to utilise their equity to foot the Treasury’s bill. Stamp Duty should be changed to a flat 2% on all sale prices rather than it being maintained as an escalating levy………………………………………..Full Article: Source


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