Monday, November 23, 2009

Stamp Duty Holiday Abolition to Affect Property Market Recovery – RICS

Stamp Duty Holiday Abolition to Affect Property Market Recovery – RICS

World’s leading body for standards in property, land, and construction – the Royal Institution of Chartered Surveyors (RICS) – recently expressed its concern over the possible consequences of stamp duty holiday abolition at the end of December 2009. In the opinion of RICS experts, the housing market in problematic areas of the United Kingdom that are already suffering from house price declines might collapse once the temporary stamp duty holiday is over.

Posted by uch1405 @ 07:56 AM (807 views)
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One thought on “Stamp Duty Holiday Abolition to Affect Property Market Recovery – RICS

  • Greenshootsandleaves says:

    Let’s make sure we’ve understood this correctly! Extending the holiday will in effect prevent prices from falling. If so, that’s certainly one holiday FTBs will be glad to see come to an end!

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