I’d say this was an exaggeration, but I’ve just read a report that says that the stamp duty holiday will change the face of Britain. How? Well, according to the report by upmystreet.com, high house prices and the ‘work from home environment’ will encourage a shift in the population, particularly among younger people, who will shun expensive areas and flock to affordable regions.
Where will benefit? Apparently, the North East, which has the highest proportion of properties under £175,000, with Wales and Scotland not far behind. London, of course, will become a no-go area for young people. So, who will live there? Presumably it, and other expensive areas around the country, will be populated by an ageing middle class, well-off population and unemployed people on benefits who will rent from them. The solution? More affordable housing in big cities, please Mr Brown…
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