The extension of Help to Buy until 2020 in George Osborne’s budget should instil further confidence in the housing market and increase the supply of properties for sale.
This is according to local estate agency Shipways in Rugby.
Although housing market activity has increased over the last year, buyer confidence has outweighed the supply of homes available. This latest announcement to extend the Government’s home ownership scheme should provide further impetus to the house building activity and increase the choice of properties available for increasing numbers of home buyers.
“The announcement that Help to Buy will now be available until 2020 is great news for home buyers so we welcome George Osborne’s plan to extend the equity loan scheme which enables purchases to buy a new build property with just five per cent deposit,” said Pauline Childs, branch manager for Shipways.
“Additional measures such as the fund for smaller house builders is also welcome news as this will further increase the supply of new homes to the market.”
If you have a property to sell and would like to arrange a free market appraisal on your home, contact the local Shipways branch on (01788) 574641 or emailrugby@ sequencehome.co.uk