The recent announcement by the government that it is to spend 1 billion on helping first time buyers purchase a home has been met with little enthusiasm from those involved with the housing market.

Following weeks of lobbying from UK estate agents, the chancellor Alistair Darling and prime minister Gordon Brown finally confirmed yesterday that there would be a 12 month period in which stamp duty is to be removed from homes under the value of 175,000.

Those hoping to buy a home in London or the South East however may not benefit from the measures, as the average property price in the capital is far higher than the rest of the country.

It is likely many young renters will stay in rented homes until the market falls enough to entice them into buying.

"We do welcome this," Martin Ellis, an economist at HBOS, Britain's biggest mortgage lender told the Guardian.

"But the housing market is not going to start recovering next week as a result of these changes."

For anyone still waiting to move out of rented accommodation, safe storage may be the answer to storage issues, as clutter can arise quickly in a small rented home.

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