This week, RICS has outlined proposals for comprehensive action to address the needs of the UK housing market. A letter has been sent to the Prime Minister, Chancellor and Housing Minister suggesting action under five headings: fiscal/financial, housing models, affordability and supply, regulation and consumer information. At the top of our list is the need to further address liquidity in the financial markets.
RICS proposals were covered by The Guardian, FT, and the Independent, amongst others - a great success for our Press Team.
The Tories have also been quick off the mark to comment. Shadow Housing Minister, Grant Shapps, urged the Government to consider our measures.
In a press release, the Tory frontbencher said, "It's now quite clear that far from being neutral bystanders, Ministers have actually exacerbated the current housing crisis by making partial announcements over Stamp Duty and piling on red tape legislation like Home Information Packs. RICS has produced a range of serious options for the Government to consider, but the worry is that ministers will instead be tempted to come forward with more of their own half-baked announcement which will only add to pressure on hard pressed families."
To view the proposals in full click here to visit our main website.