0:00
It's It's not a builder's market, and
0:02
buyer's market, but it's also not really
0:03
a seller's market. So, it's not really
0:05
This sort of instability is adding to a
0:07
an already quite bleak picture. Yeah,
0:08
and the house builders are suffering
0:10
from that, too. We had Vistry on
0:12
Wednesday. Their share price was down
0:14
again because they said they're going to
0:15
take a big profit hit from their
0:17
measures that they're doing to try and
0:19
balance the books. They're cutting
0:20
prices, and they're slowing down on land
0:22
buying, as are basically all of the big
0:23
house builders at the moment.
0:24
>> the banks are trying to desperately
0:26
revive the housing market with sort of
0:30
>> mortgages. Until we tackle stamp duty,
0:32
is there anything that anyone can really
0:33
do to juice the housing market?
0:35
>> know. I mean, I think the mortgage rate
0:37
situation did stabilize a little bit. It
0:39
was complete chaos towards the start of
0:41
March, and some of the actions taken by
0:43
banks have worked a little bit, but I
0:45
think you're right. I mean, especially
0:46
in London, what I'm hearing from
0:48
industry figures is that stamp duty is
0:50
just making the state the situation in
0:52
the capital the worst it is in the
