The Help to Buy Scheme has had a hugely positive impact on the property market within a matter of weeks of launching. From a delivery perspective, registrations under the Help to Buy scheme had, by the end of July reached 10,000 and developers plan to deliver an increase in supply of new build properties by nearly 30%.
The second part of the scheme which applies to all properties won't be launched until January 2014. There are fears that it will over heat the property market by increasing demand at a higher rate than supply, so prices will increase. The thought process is prices will increase until the scheme runs out and then without the support will start to fall.
Most property experts don’t believe this will happen and the forecasters projecting this scenario are typically economists who have been proved time and time again to get their property market forecasts incorrect!
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