Housing Demand Rises Due To The Help-To-Buy Scheme…

May 16th 2013
By: Melanie

A new survey by RICS (Royal Institution of Chartered Accounts), has shown that housing demand in the UK has risen to its highest level for more than three years since the governments new Help to Buy scheme was announced in April.
RICS stated that 25% more chartered surveyors had reported an increase in new enquiries rather than a decline, compared to an increase of 13% in March.
They said that the surge in demand is an implication that the Help-to-Buy scheme is attracting high interest even thought the mortgage guarantee part will not come into effect until next year.
Peter King, RICS global residential director stated: 'It is encouraging to see government initiatives are having an impact on the property market. Help-to-Buy in combination with the Funding for Lending Scheme appears to be giving the market a shot in the arm,' said Peter King, RICS global residential director.
If you are looking at buy a first-time home or are looking to move up, then why not pop into Intercounty, for a cup of coffee, we can discuss the new scheme with you and help you to plan for your new or larger home.