LIZ TRUSS failed to calm growing concern about the turbulence in the housing market, a leading property association warned today.
The National Association of Property Buyers said the Prime Minister “missed an opportunity” in her speech to the Conservative Conference in Birmingham to address the fears many Brits have about their chances of ever owning a home.
Jonathan Rolande, spokesman for the NAPB, said: ” I am sorry to say I heard nothing to give me any hope that we’re now on a course to even begin putting right so many of the injustices built into our housing market. When it comes to a vision for the property and housing market, an opportunity has been missed. And this is a great pity.
“The speech was big on big ideas and vision but small on any detail. This was an opportunity to calm the nerves and the markets – but it fell short.
“Ms Truss repeatedly said “the status quo is not an option”. Yet by not addressing the issues we are currently experiencing in the housing market, the Prime Minister has signalled the status quo will carry on for many who are struggling to get a foot on the property ladder.
“A speech can never cover everything, but it was disappointing to see housing was rarely referenced. The only mention was the recent stamp duty cut, which was targeted in the wrong areas. That aside, the mention of Ms Truss’s own struggle to get on the housing ladder was the only time property came up.
“What we needed to see and hear were clearer ideas especially on how the Government will address the UK’s house supply crisis.”
“A healthy property market is essential. What we now need in the property market following the disastrous mini-Budget is stability and balance.
“The Prime Minister needs to remain mindful that property is where everything in our lives begins and ends. By tackling and solving issues linked to property, this Government can help improve schools, hospitals, transport, life opportunities and the wider economy. A decent home, whether owned or rented, should always be a right for everyone and the Government needs to show they will deliver in this area”
