While children are busy creating present lists for Santa Claus, those in the property industry are hoping the new Chancellor, Philip Hammond, will have read their professional wish lists and deliver a package of positive property news this week.
The Autumn Statement will be the main attraction on Wednesday 23rd November, with calls from the property sector to make changes that will help restore equilibrium in the market.
Top of the wish list include a change to the stamp duty levy that applies to the UK's most expensive homes, hotly followed by the scrapping of plans to taper mortgage interest relief for landlords, the abolishment of extra stamp duty on second home purchases, and increased support for small and medium house builders.
At London Residential we are interested to hear how the refreshed Tory Government will approach the property industry. With a new Prime Minister and a new Chancellor at the helm, there could be a fresh style of thinking, especially given how the market has changed since the early part of 2016.
On the theme of politicians shaping the property sector, you might like to read how past Housing Ministers have performed when it comes to delivering new homes. Find out who has been Britain's most successful modern Housing Minister - measure by the number of homes built - here.
Philip Hammond, who has already told cabinet ministers to expect a modest fiscal stimulus in this year’s Autumn Statement, while also promising to invest in homes and transport, is being urged to use Wednesday’s statement as an opportunity to tackle a wide range of issues, including uncertainty triggered by Brexit, but what package of measures should he be lining up to boost the property market?