Latest Help to Buy figures to September 2015

Industry News,New Homes

Latest Help to Buy figures to September 2015

by on Friday 11 December, 2015 in Industry News,New Homes


The Department for Communities and Local Goverment has released the latest figures from the Help to Buy: Equity Loan scheme since its launch on 1 April 2013 until 30 September 2015.

The figures reveal that:

Number of households supported

  • In total, 62,569 properties were bought with the support of the Help to Buy: Equity Loan scheme

Value of homes purchased under the scheme

  • The average (mean) price of homes under the equity loan scheme is £217,999

Who is benefitting and where

  •  81% of purchasers buying through the equity loan scheme are first-time buyers (50,969)
  • In terms of completed sales, the top six towns and cities that have benefited from the scheme since April 2013 are listed as:

Wiltshire – 1,084 sales

Leeds – 999 sales

Central Bedfordshire – 979 sales

Peterborough – 819 sales

County Durham – 803 sales

Bedford  – 772 sales (replacing Milton Keynes in 6th place)

 

The Communities Secretary, Rt Hon Greg Clark MP, said:

“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 to own a home with Help to Buy.”

HBF’s Executive Chairman, Stewart Baseley, said:

“The Help to Buy: Equity Loan scheme continues to drive demand for new build homes. It is no coincidence that since Help to Buy has unlocked demand for new homes and allowed buyers to buy the supply of new homes has increased by almost 40%. The industry is now providing more desperately needed high quality homes and creating tens of thousands of jobs across the country.”

> See the full statistics

 

 

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