The Royal Institution of Chartered Surveyors (RICS) has given its view of the political party's election manifestos calling for longer term measures to help solve housing shortages and concerns over affordability.
RICS says although the house building policies set out by each political party “go some way to addressing the low levels of housing supply, they do not fully implement the findings of the Barker Review.” It says greater fiscal incentives are needed to help first time buyers (FTBs). And while it welcomes the recent decision to increase the initial Stamp Duty threshold to £120, 000, it has called for this to be increased further to £150,000 claiming this would benefit more FTBs. RICS has also called for finance raised through right to buy schemes to be ring fenced to provide replacement...
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