Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Agents' trade body Propertymark has asked Chancellor John Healey for tax measures to help the housing market. The plea came in response to the Chancellor's speech at Labour's annual conference.
Timothy Douglas, Head of Policy and Campaigns at Propertymark, set out the trade body's argument by pointing to the wider economic activity created when households move home.
"When people move house, they stimulate the wider economy through their use of services, purchases of goods and engagement with local trades," Douglas said.
The brief does not set out the specific tax changes Propertymark is seeking; agents can read the trade body's full response in the original article. For letting agents and inventory clerks, the intervention shows the trade body is lobbying the Chancellor directly on tax and housing market activity.
Source: Landlord Today