Wednesday, March 21, 2012
No chance
Budget 2012: Property industry reactions
David Newnes, director of LSL Property Services, predicts a heavy burden on both ends of the property market as a result of the stamp duty increase: "The proof will come in the next few months, but with growing barriers to entry, this decision will give the foreign investors who are driving forward the prime market pause for thought as they look to property as a way of protecting their assets rather than increasing their tax exposure."
Add a comment