London’s housing market is stuck in a vicious cycle of unaffordability, red tape, and inertia, and the Government must make controversial tax decisions to liberate it, according to one of the UK’s best known property pundits.
Phil Spencer, a qualified surveyor and co-presenter of Location, Location, Location and Kirstie and Phil's Love It or List It, would like to see next month’s budget used to create much needed ripples of movement within the market after a year when the number of homes sold remained at a near-record low and prices fell by half a per cent according to the latest UK House Price Index.
