Propertymark has said housing must remain central to economic growth as John Healey takes on the role of chancellor.
Propertymark has called for housing tax reform to be considered as John Healey takes on the role of chancellor.
The trade body said there would be sizeable economic challenges to overcome in the coming months, with the housing market affected by wider uncertainty.
Nathan Emerson, chief executive at Propertymark, said: “Over the coming months, there will be sizeable challenges across the wider economy to overcome.
“Although the year started with quiet confidence in the housing market, there have been sizeable difficulties to contend with in terms of global unease.
“While we have seen inflation progressively start to approach its target and base rates hold steady, there is a much wider picture for John Healey to consider, as he takes on the role of Chancellor of the Exchequer.
“Housing remains fundamental to economic growth, with issues such as Stamp Duty for those buying a property in England or Northern Ireland, as well as taxation frameworks affecting many landlords in the private rented sector, all in need of review and potential restructuring.”
