A Miliband government would reverse housing recovery, warns Zoopla

Under the current Government, house prices have grown by an average of 11 per cent (£26,372) per annum, with the average UK home value now standing at £264,934, it said.

For the average UK homeowner, the Conservative-led coalition has delivered house price growth of £72.25 per day for the past five years, it added.

Zoopla pointed to numerous initiatives to stimulate confidence such as planning reforms, various Help to Buy schemes, Funding for Lending and an extensive Stamp Duty overhaul.

The company claimed that some of these hard-won gains could be reversed under a Labour-led government and, in particular, damage the prospects for first-time buyers.

A spokesman for Zoopla said: “It seems likely that a Miliband win in May would have a negative impact on the UK housing market in the short to medium term.

“The Tories have paved the way for considerable strides in the property recovery, but the Labour proposals for a punitive tax on homes and restrictions on some of the first-time buyer support systems would create uncertainty and could well pull the rug out from under the feet of recovery and dampen market confidence.”

The Labour Party did not respond to calls for comment.

Meanwhile, perfume entrepreneur Jo Malone has backed the Conservatives and said David Cameron is doing a good job as prime minister.

She told the London Evening Standard: “If Labour won and raised taxes, people would just move out of the UK, and then where are you going to be?

“The key is to put cash back into people’s pockets, then that makes them spend it.”