Warning over housing recovery

The Government has been urged to extend the stamp duty holiday if the recent recovery in the housing market is to be sustained. The Home Builders Federation (HBF) said it was vital that support is maintained for housing development in the Pre-Budget Report and called for further assistance for first time buyers, along with an extension of the Homebuy Direct and Kickstart schemes. "If I have one big message for Government, it is a plea not to withdraw incentives, as I fear to do so would potentially slow the market just as it is beginning to show signs of recovery," said HBF chairman Stewart Baseley. The temporary rise in the stamp duty threshold to £175,000 is set to finish at the end of 2009.
 
 
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