If a tax cut won’t do the trick, can anything save housing?
Last week’s big Government announcement on housing fell flat. A rise in the stamp duty threshold from £125,000 to £175,000, to help first-time buyers on to the ladder, was seen by critics as doing little to solve the problems of a market in freefall, bereft of mortgage finance. But with the Halifax reporting that house prices are falling at 10.7 per cent a year, is there anything that can be done to stop or slow the slide, and should be we even be trying?
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