Surge in new homes built and bought.
Help to buy creates surge in new homes built and bought according to Press release yesterday from the Department of Communities and Local Government and Brandon Lewis MP.
New research has found 43% additional new homes built as a direct result of Help to Buy equity loan.
Key points are: 82% of buyers would not have been able to buy without the scheme, 43% additional new homes built as a direct result of Help to Buy equity loan, no evidence of Help to Buy driving up house prices.
Housing Minister Brandon Lewis said: “Anyone who works hard and aspires to own their own home should have the opportunity to do so and this report shows how the government’s Help to Buy scheme continues to turn those dreams into reality.
“We’ve got the country building again and seen the number of new homes increase by 25% in the last year alone with thousands of people across the country helped by the scheme.
To read full report on GOV.UK website click here