‘Help to Buy’ continues to grow the UK property market
This month the Agency Express Property Activity Index highlights robust activity for the UK property market andit shows no signs of slowing down.
With property sales flourishing – an increase of 38% in first-time buyers and George Osborne’s announcement of his intentions to extend the ‘Help to Buy’ scheme until 2020, figures are robust across the nation.
National ‘Sold’ figures sat at 69.74% and all of the 12 regions recorded by the Property Activity Index reported month on month increases in both properties ‘Sold’ and new listings ‘For Sale, bucking the seasonal trend.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: A robust month for the UK property market and new home owners will rejoice, but can we continue at the current speed of growth? With the extension of the ‘Help to Buy’ scheme demand for property will remain high and house prices will continue to rise. Fears are that prices will be slowly pushed out of some peoples reach with London and the South East most affected. Regardless of speculation the ‘Help to Buy’ scheme seems indisputably the correct course of action to aid the market at present.
To read the Agency Express Property Activity Index report in full please click here.