“This was supported recently by the Bank of England, when Mark Carney hinted that he will not raise interest rates, possibly until 2017. It was a step in the right direction for homeowners, families and first-time buyers.

“But there is one further area on my wish list. I would like Osborne to help the small business owner more. This might include a cap on business rates or offer more concessions to those who run small businesses. Then companies can recruit, retain and train more people.

“The nation voted to keep the Labour party out of power, when housing was a major focus in the May General Election. Now it is time for the Conservatives to deliver on their policies and promises, showing that they are the party to boost growth in the British economy and importantly the British property market.”

• James Bailey is the Chief Executive of Henry & James, one of London’s most successful independent agents for more than six decades.