New data has reported that UK house prices are slowly still rising, in spite of current economic uncertainty.
Sharing her thoughts as a top buying agent for London prime property, Black Brick Founder Camilla Dell featured in a new article by The Independent this week to talk all about the current state of UK property.
Commenting on recent interventions supposedly to help first-time buyers, Camilla said: “The reality is that the intervention may have actually made things worse for them. As a result of changes to Stamp Duty, we now see a far greater number of investment clients buying smaller properties for investment and directly competing with first-time buyers. I feel that the new Chancellor now has an opportunity to address this and alter the very punitive levels of Stamp Duty that we now see, which should help diffuse some of the competition at the lower levels of the market.”
Read more in the article here.