All you need to know about what’s hap­pened in prop­erty this week

The Daily Telegraph - Property - - Cover Story -

Stamp duty has come un­der fire again, this time from the boss of one of the world’s big­gest prop­erty groups.

Chris­tian Ul­brich, global chief ex­ec­u­tive of Jones Lang LaSalle, said that the tax dis­torts the mar­ket, pe­nalises land­lords and sec­ond home­own­ers, and ag­gra­vates the core prob­lem – low sup­ply.

He said that stamp duty makes it “pro­hib­i­tive” to build more houses, as lack of buyer af­ford­abil­ity fil­ters through to devel­op­ers.

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