Monday, December 3, 2012
We own land! Give us money!
GIVING support to first time buyers (FTBs) would ease the pressure on the hardest hit sector in the housing market and give a strong boost to the industry, economists from the Ernst and Young Item Club argue today. The respected analysts are calling on George Osborne to reinstate the stamp duty holiday for FTBs on houses under Â£250,000, a programme which expired in March. Alternatively the report suggests expanding the First Buy home equity scheme, again giving FTBs a better chance of getting on the ladder.