A flagship policy to help British millennials buy a house is having almost no impact

pulse

January 18, 2018 7:06 AM

Chancellor Philip Hammond abolished stamp duty for all first-time homebuyers on properties under £300,000 in November.

The government's flagship policy to help millennials buy homes is having almost no impact.
The survey found that 86%

LONDON — The government's flagship policy to help millennials buy homes is having almost no impact, according to a monthly survey by the Royal Institute of Chartered Surveyors.

The survey found that 86%

But RICS chief economist Simon Rubinsohn said initial feedback suggested the changes had made no initial difference to prices, and echoed warnings from the government's own statistics watchdog that the changes could push prices up.