Menu
18/08/2008
NAEA Poll Shows Adverse Effect Regarding Stamp Duty
A survey of members conducted by the National Association of Estate Agents (NAEA), has produced one of the largest responses from estate agents with over 1350 replies, demonstrating what a contentious issue the recent stamp duty 'announcement' is and the effect it has had on the property market.
Alarmingly, just a week since the announcement the results indicate that 25% of agents now claim that a sale has fallen through as a direct result of the Chancellors comments. Whilst a staggering 92% of agents believe the Chancellors remarks have increased consumers concerns.
Over the past four days members were asked a series of questions relating to the recent speculation that the Chancellor may grant a stamp duty holiday in Autumn. The results clearly demonstrate agent's strong feelings on how this situation has been handled and the impact this has had on the market to date.
Peter Bolton King, Chief Executive of the NAEA said: "Instead of the Government formulating a careful plan outlining their thoughts clearly and concisely with a clear time frame in mind, this comment was simply made off-the-cuff. This is not particularly helpful in the current climate. It seems that there had been little regard to how this speculative comment might impact on what is already a delicate market. These figures clearly show the effect that this 'loose' statement has had on consumers and the property market as a whole, none of which are encouraging."
The NAEA then went on to ask members 'have any applicants asked whether they should buy now or wait to see what the Chancellor says in the Autumn Pre-Budget Statement'. 75% of respondents stated 'yes' whilst only 25% of agents said 'no'.
(CD/JM)
Alarmingly, just a week since the announcement the results indicate that 25% of agents now claim that a sale has fallen through as a direct result of the Chancellors comments. Whilst a staggering 92% of agents believe the Chancellors remarks have increased consumers concerns.
Over the past four days members were asked a series of questions relating to the recent speculation that the Chancellor may grant a stamp duty holiday in Autumn. The results clearly demonstrate agent's strong feelings on how this situation has been handled and the impact this has had on the market to date.
Peter Bolton King, Chief Executive of the NAEA said: "Instead of the Government formulating a careful plan outlining their thoughts clearly and concisely with a clear time frame in mind, this comment was simply made off-the-cuff. This is not particularly helpful in the current climate. It seems that there had been little regard to how this speculative comment might impact on what is already a delicate market. These figures clearly show the effect that this 'loose' statement has had on consumers and the property market as a whole, none of which are encouraging."
The NAEA then went on to ask members 'have any applicants asked whether they should buy now or wait to see what the Chancellor says in the Autumn Pre-Budget Statement'. 75% of respondents stated 'yes' whilst only 25% of agents said 'no'.
(CD/JM)
Related UK National News Stories
Click here for the latest headlines.
14 October 2008
House Sales At 30 Year Low
Estate agents are selling one property a week as the housing market continues to slump. A survey from the Royal Institution of Chartered Surveyors (Rics) showed the number of houses being sold across the UK during the three months to the end of September was the lowest since the survey began in 1978 and 52% lower than the same period last year.
House Sales At 30 Year Low
Estate agents are selling one property a week as the housing market continues to slump. A survey from the Royal Institution of Chartered Surveyors (Rics) showed the number of houses being sold across the UK during the three months to the end of September was the lowest since the survey began in 1978 and 52% lower than the same period last year.
28 September 2006
September house prices 'unseasonably strong'
House prices were "unseasonably strong" in September, the Nationwide has reported. The building society's latest housing survey found that August's interest rate rise did little to cool house prices the following month. House prices increased by 1.3%, bringing the annual rate to 8.2%. The average house price in the UK is now £169,413.
September house prices 'unseasonably strong'
House prices were "unseasonably strong" in September, the Nationwide has reported. The building society's latest housing survey found that August's interest rate rise did little to cool house prices the following month. House prices increased by 1.3%, bringing the annual rate to 8.2%. The average house price in the UK is now £169,413.
13 August 2013
Housing Market Showing Signs Of Recovery
The latest RICS Residential Market Survey has suggested that the UK housing market has turned a corner. It was also revealed that buyers returned to the market in their largest numbers for four years.
Housing Market Showing Signs Of Recovery
The latest RICS Residential Market Survey has suggested that the UK housing market has turned a corner. It was also revealed that buyers returned to the market in their largest numbers for four years.
23 March 2004
Estate agents need to improve customer services, says OFT report
Estate agents must improve their approach to customer services and more vigorous price competition is needed in the estate agency market, according to an OFT report published today. The study examined competition in the market, levels of customer satisfaction, and the effectiveness of relevant legislation in tackling misconduct and unfit agents.
Estate agents need to improve customer services, says OFT report
Estate agents must improve their approach to customer services and more vigorous price competition is needed in the estate agency market, according to an OFT report published today. The study examined competition in the market, levels of customer satisfaction, and the effectiveness of relevant legislation in tackling misconduct and unfit agents.
15 April 2003
Students warned over crime threat
Students are being urged to take precautions against crime, as new Home Office research shows that up to one in three students have been the victims of crime. Of the 315 students surveyed across seven universities, one-in-10 students were victims of crime during the past year and six in 10 crimes were experienced by repeat victims.
Students warned over crime threat
Students are being urged to take precautions against crime, as new Home Office research shows that up to one in three students have been the victims of crime. Of the 315 students surveyed across seven universities, one-in-10 students were victims of crime during the past year and six in 10 crimes were experienced by repeat victims.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
