8 May

Conservatives hold housing policy review

Conservatives hold housing policy review

The Conservative Party is set to hold a review of its housing policies today in an event chaired by Grant Shapps, the shadow housing minister.

National Association of Estate Agents chief executive Peter Bolton King, Royal Institution of Chartered Surveyors Residential Property Task Force chairman James Scott-Lee and the director general of the Association of Home Information Pack Providers Mike Ockenden will all be present.

The Conservatives have already expressed their opposition to home information packs, so Mike Ockenden may be trying to persuade them to change their mind.

Today's review could shape the party's future housing policies, although some have already been announced, such as the abolition of stamp duty for first-time buyers purchasing a property worth less than £250,000.

According to figures from Halifax published in March, homebuyers in 29 per cent of local authorities have been left with stamp duty bills equivalent to more than 20 per cent of average annual gross earnings, a 15 per cent rise from five years ago.

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