Foxtons CEO Calls for Stamp Duty Reform Amid London Housing Slump
UKPulse Property Desk
The head of estate agency Foxtons has urged Andy Burnham to reform stamp duty, as London's housing market experiences a downturn.
- Foxtons' boss has called on Andy Burnham to reform stamp duty.
- London's housing market is experiencing a slump.
- Buyer activity in London was reportedly impacted by weak consumer confidence and higher interest rates.
The chief executive of London-focused estate agency Foxtons has urged Andy Burnham to consider reforms to stamp duty. This call comes as the housing slump in London reportedly deepens.
According to Foxtons, buyer activity in the capital during the period was constrained by weak consumer confidence and increased interest rates.