The Chancellor must act to revive the UK’s flatlining property market
Investment is needed in the property sector, not just a message of ‘growth’
3 March 2025 | Author: Heather Powell
The Chancellor, Rachel Reeves, must go beyond words and act to revive the property market after HMRC’s latest property statistics show a flat-line in sales.
Heather Powell, Head of Property said:
While the Chancellor is repeating her message of ‘growth, growth, growth she does not appear to have triggered any levers that encourage businesses and individuals to invest in property to create that growth.
The statistics for property sales in January released today (28th February) by HMRC show the seasonally adjusted number of sales of residential and commercial properties flat-lining after peaks in October last year. This was triggered by fears of changes in the SDLT rules, and the non-adjusted figures report shows falls in the number of sales in both categories from previous months.
Great workplaces make a significant contribution to the productivity of any business, and a healthy, active housing market supports large numbers of businesses that provide services to home owners through the selling, buying, refurbishment and furnishing cycle.
She added:
Is the Chancellor going to find an initiative that she can announce at the Spring Statement on 26 March to stimulate this market? A dose of optimism and confidence is much needed, but that can only come with action to stimulate the property market, not just words.
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