Use taxation to reduce speculation in property market says economist

Graduate describes lack of housing plan in Budget as 'slap in the face'

Taxation should be used to reduce speculation in the Isle of Man’s property market.

That’s the view of a former government economist.

John Webster says there are too many empty and rented properties as well as those used for ‘accommodation addresses’:

Ciara Sowerby is a graduate, and member of the Manx Labour Party, she’s described this year’s Manx Budget as a ‘slap in the face’: