NAEA Propertymark comments on the IPPR’s call on Bank of England to freeze house prices

Mark Hayward, NAEA Propertymark Chief Executive comments on the IPPR’s call on Bank of England to freeze house prices for five years:

“Excessive house price growth is certainly not something we want to see, but homebuyers make purchases on the basis of capital appreciation and the belief that their investment will be protected and enhanced. We encourage all measures to help first-time buyers get onto the housing ladder, but with property transactions at an already low level, this sort of tampering could have unintended consequences.”

 

Kindly shared by NAEA Propertymark