24 Mar

Budget 2011: more investment in houses for sale in Taunton?

Budget 2011: more investment in houses for sale in Taunton?

Measures announced in yesterday's (March 23rd) Budget speech could boost property for sale in Taunton.

The Somerset town is currently undergoing development as part of Project Taunton, a multi-million pound programme to regenerate its town centre.

Property for sale in Taunton could see a price boost as a result of the scheme – and measures announced in the Budget could help people to find a new home in the area.

The decision to reform stamp duty for bulk purchases could trigger new investment by landlords in residential houses for sale in Taunton.

Buy-to-let investors can then boost property to rent in Taunton, helping to alleviate housing waiting lists.

Ian Potter, operations manager for the Association of Residential Letting Agents (Arla) says reforming stamp duty will boost institutional investment in the UK's rental housing stock.

He said: "We have campaigned for a number of years for the Government to reform Stamp Duty, so its inclusion in this year's budget is a welcome one."ADNFCR-1222-ID-800475636-ADNFCR

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