Rishi Sunak’s stamp duty cut is not about helping first-time buyers, but shoring up the whole UK economy

Views

"Property prices are critical to UK prosperity," writes Professor Alexander Tziamalis. "Britain should arguably wean itself off its property addiction, but for now the chancellor has tried to sustain confidence in an asset class that accounts for most of the country’s wealth."

Written by

Alexander Tziamalis

Senior Lecturer in Economics (Associate Professor), Sheffield Hallam University at PrimeResi

PrimeResi is the Journal of Luxury Property. The leading news, opinion & insight resource for the UK's prime residential property industry.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

News

"We haven’t yet seen any significant increase in properties falling through so it looks like most are going ahead regardless," says Tim Bannister, Rightmove’s Director of Property Data. Al
News

"It cannot be right that it is as easy for individuals who don’t live in the UK, as well as foreign based companies, to buy homes as hard working British residents" says the Prime Minister
News

"Anyone who can bring their transaction forward to 2020 from next year or even later is doing so," says property portal Juwai, against fears of higher Stamp Duty rates from 2021.