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Help to Buy ‘creates new homes surge’

February 15, 2016

The number of homes being built and bought is increasing thanks to the impetus provided by the Help to Buy scheme, the government has said.

A report by Ipsos Mori found that 43 per cent of homes built since 2013 were only constructed because of the scheme.

It also found that 82 per cent of those using the scheme would not have been able to buy their home without its introduction.

The report also found that since the scheme was launched builders have become more confident about the housing market, while there is no evidence that it has had an inflationary effect on house prices.

Housing minister Brandon Lewis commented: “We’ve got the country building again and seen the number of new homes increase by 25 per cent in the last year alone with thousands of people across the country helped by the scheme.”

The government has subsequently introduced supplementary measures to support the policy, including a Help to Buy ISA.

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