Help to Buy boosts construction industry

Mon, 17 Feb 2014

Help to Buy boosts construction industry
The construction industry has been boosted, thanks to the Help to Buy scheme.

New figures from the Office for National Statistics (ONS) showed the sector rose by two per cent in December, with housebuilding contributing to this increase.

The government's flagship housing policy has enabled many aspirant first-time buyers to purchase a property, which has resulted in thisboom in building rates.

New housebuilding was up 4.9 per cent in December, which was higher than all other areas of construction. The ONS said the total construction figures in the fourth quarter was 19.8 per cent higher than last year -marking the strongest increase sinceQ4 of 2010.

Housebuilder Barratt Developments revealed in Januaryit completed 6,195 new builds in the six months to the end of 2013, which was a 19 per cent increase on last year's figure. It added that Help to Buy had been responsible for 29 per cent of the properties it had sold.

While the scheme has been praised for reviving the sector, it has also faced harsh criticism for making house prices surge in London and the south-east.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.


Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy

Get in Touch