Budget comments from SDL Surveying

Simon Jackson, Chief Executive Officer of SDL Surveying, said:

“Both the Stamp duty extension and the mortgage guarantee scheme seem very positive for the market. The re-introduction of 95% LTV products from next month will give first-time buyers a realistic opportunity to get onto the housing ladder. Equally, measures like the furlough extension and wider business support should deliver an improved estimate of unemployment and an improved outlook for GDP this year and next. All of these announcements, with no further personal tax rises, will help to keep consumer confidence high which helps to drive the market. The final piece of the jigsaw we need is more property stock to buy – hopefully the route map out of lockdown should help people to feel more confident about putting their houses on the market.”

Published: 03 March 2021