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2013-05-09

"Good News on House Prices": Evening Standard: "Barratt praises Help to Buy for lifting London’s house market"


Link to web site

"George Osborne’s Help to Buy scheme is getting the wheels turning for London’s property market, according to housebuilder Barratt, with buyers snapping up properties in Lewisham and the Royal Docks.

"Barratt, one of the UK’s largest housebuilders by market value, said consumer demand and mortgage supply were in their best state for five years thanks to the Government’s scheme, with around 400 people using Help to Buy to reserve properties since its launch on April 1.

"The company said it had seen 'particularly good momentum' in London, where private sales were up almost 50% in the 18 weeks to May 5, compared with the same period last year."

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