Sam Mitchell, CEO of Purplebricks, has commented in response to Halifax’s House Price Index. Sam’s comment can be seen below:
“The housing market has been on the path to recovery in recent months, helped along by consecutive holds on interest rates from the Bank of England and banks actively competing on mortgage rates. But this recovery remains fragile, and the Government had a prime opportunity during yesterday’s Spring Budget to stabilise this upward trajectory. Regrettably, this was an opportunity missed.
The lack of a concrete decision from The Chancellor on stamp duty cuts has a very real potential to derail this newfound progress. This may wrongly and unnecessarily delay buying and selling decisions, as people are left holding out for a change that might come later in the year.”
