Developers to work more closely with the public sector

As many regeneration schemes that rely on private funding stall and become in danger of being scrapped, the British Property Federation has suggested that money from multi-billion pound government programmes for hospitals and schools, could be used to part-fund regeneration projects. The federation has also called for stamp duty to be reduced on purchases of residential property to encourage investment and to make it easier for residential real estate investment trusts to be set up.