“We are pleased a decision was made by the Government today, as the indecision over the last month has had a major effect on consumer confidence.

The Government’s announcement today on stamp duty forms part of a package of measures to restore confidence in the market, including offering ‘free’ five year loans of up to 30 per cent of the property’s value for first time buyers when buying a new home from developers and those who earn less than £60,000 will qualify. In the current market this comes as good news”

“It is encouraging to see that the Government has taken notice of the continuing reminder from external parties that it is not just one factor that needs sorting but a number of problems. The NAEA welcomes today’s announcement however encourages the Government to continue along this path to the finish line.”

Chris Brown, President of the NAEA and founding Partner of Boxall Brown & Jones commented: “The Stamp Duty Holiday is good news for the Derby property market as we have a large proportion of properties which fall into this category.   Hopefully, movement in the first time buyer market will help to further stimulate the rest of the property market in Derbyshire”

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