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The Masked Tulip

Will The Market Pay For Sipps?

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It was a little surprising, considering that developers and estate agents have spent much of the past year talking up the huge "boost" which Sipps were going to have on the property market next April, when they had been due to be launched. In October, the Royal Institution of Chartered Surveyors (RICS) predicted that Sipps would increase property sales next year by three to four per cent, an increase of 160,000.

Given that the introduction of the tax break was widely predicted to boost a flagging housing market, one might reasonably deduce that cancelling it will, at best, return the market to its flagging state, or worse slow it further as investors begin to dump off-plan properties they signed up for with the intention of putting them into a Sipp.

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Will the market pay for Sipps?

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All good stuff. The concept, initially only very tentatively, starts to impinge on previously-closed minds.....

Must have been like this when old Copernicus first made his case.

The Fox

estate agents as the modern day flat earth society. Something appealing about that concept.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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