PRESS RELEASE

Government action on House price will assist First Time Buyers

Over recent years the dramatic increase in house prices was deterring young people from entering the housing market and they were being out priced by property speculators. The decision to reduce stamp duty on residential property will have an impact, however the measures to make property speculation less attractive will have a major impact on the type of client who wishes to purchase a house.

Speculators were continually outbidding a potential First Time Buyer, however the changes in rental income and interest write offs will tip the balance in favor of First Time Buyers.

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