Plea for help in house price woe

Justin Allitt, from Allit Estate Agents

Justin Allitt, from Allit Estate Agents

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A LEADING estate agent has highlighted the plight facing businesses after the housing market suffered another setback.

The latest figures showed property prices fell in June as 16 per cent more surveyors reported price falls rather than rises on the Fylde Coast.

The Royal Institution of Chartered Surveyors (RICS) confirmed it was the weakest trading period since December 2011.

And Justin Allitt, owner of Allitt Estate Agency, has called on the Government to do more to help ease the market.

He said: “The North West and particularly businesses and homeowners are finding it challenging at the moment.

“I don’t think the Government is doing enough to help out.

“The problem is banks have a stronghold on finance and the Government needs to put pressure on them to lend money.

“It’s really affecting the Fylde coast and people are unable to buy because they can’t access the finance.”

Mr Allitt says a new Government scheme to subsidise a deposit on new builds is hurting business too.

He added: “I’m proud to be from the Fylde coast but the reality of this is we have been hit harder than anywhere and it’s affecting business by reducing income.”

Peter Bolton King, RICS housing spokesman added: “The housing market didn’t manage to turn a corner last month and activity remained in the doldrums.

“Fewer vendors looked to test the market and levels of buyer interest seem to have fallen back since the expiry of the stamp duty deadline earlier in the year.”