Experts say the Government needs to do something before property prices fall even further
She added: “A regime that encourages first-time buyers, without inflating prices, is needed to ‘prime this pump.’ It is to be hoped that incentives such as ‘Help to Buy,’ with ceilings appropriate for a given region, are being discussed. Our economic recovery will be assisted by releasing the capital triggered by a healthy, active housing market.”
It is not just homeowners that are facing difficulties due to the property downturn, however, Powell says. “These businesses are a significant component of our economy – and the Government should be seriously worried about the impact on tax receipts, and thus their funds, because of this ongoing trend which shows no signs of reversing in the next 12 months.”
Belgique Dernières Nouvelles, Belgique Actualités
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