The status quo at the bottom of the lettings sector has been maintained, but more could have been announced in yesterday's Budget speech to stimulate the whole property market.

At least that is the viewpoint of Ian Potter, operations manager of the Association of Residential Letting Agents (Arla).

Landlord services such as the quality of rental property could have been helped if chancellor Alistair Darling had addressed property tax in a different way, the Arla boss explained.

Mr Potter said: "Yet again Gordon Brown's administration has wasted an opportunity to improve the quality of stock of lettings property by failing to incentivise landlords through tax relief on labour and materials."

The Budget saw a £600 million funding package of measures to build more homes announced, as well as an extension until the end of 2009 of the stamp duty holiday for houses costing up to £175,000.

Conservative leader David Cameron was also critical of the chancellor's speech, saying the current Labour government has been responsible for "the Decade of Debt".

Written by Daniel Burgess

Related posts:

  1. Darling ‘missed opportunity’to boost property market
  2. Arla comments on ‘industry switch’
  3. Arla to offer guidance on tenancy protection
  4. Property tax issues discussed
  5. Stamp duty ‘should be abolished’

Leave a Reply

You must be logged in to post a comment.