What must be done to get housing market moving again

摘要

The government's public finance figures showed that the overall level of stamp duty receipts were lower than it expected in the first half of this financial year. Given the lower numbers of transactions, that shouldn't really be a surprise. Ignoring the spike due to the introduction of the extra 3% stamp duty for second homes and buy-to-let properties, activity has eased in response to weaker economic sentiment following the EU referendum. New forecasts suggest that economic growth won't be hit as hard as earlier predictions suggested. That's better news for the housing market.