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CKD Galbraith's Response To The 2014 Budget

Simon Brown, partner and head of residential property at CKD Galbraith, responds to the 2014 budget.

In response to today's budget (Wednesday 19 March) Simon Brown, partner and head of residential property at CKD Galbraith said:

"Today's Budget statement made by the Chancellor George Osborne has outlined a number of positive steps to help strengthen the UK property market including the extension of the help to buy scheme in England until 2020.

"The market in Scotland has witnessed tangible improvements as a result of the Scottish help to buy scheme assisting first time buyers and consequently helping to revitalise segments of the market further up the ladder. It will be interesting to see what may happen in terms of the Scottish scheme which is currently in place until 2016, on the back of today's announcement.

"As a firm we have experienced a steady improvement in the Scottish property market since 2013, a growth which has continued this year however we do expect a slight slowdown in the run up to the Scottish independence referendum.

"We welcome today's announcement as real encouragement for the growth of the UK property market and subsequently the Scottish market going forward after the referendum."