27 Nov

Help to Buy to boost up UK house prices, say estate agents

Help to Buy to boost up UK house prices, say estate agents

Many UK estate agents are expecting Help to Buy to drive up residential property prices by at least 30 per cent, according to a recent survey conducted by Move with Us.

A massive 85 per cent of agents stated that their region would be likely to see a boost in sales in their area.

The typically quiet Christmas period could also benefit from Help to Buy, with 77 per cent of estate agents saying they expect an increase of sales in December.

Move with Us director Robin King, said: “Estate agents predict positive sales figures in response to the Help to Buy scheme but we are still waiting to see the overwhelming flooding of the market that some news reports anticipated. This could be down to the restricted lender participation in the scheme to date.”

So far the scheme has caused a supply and demand imbalance as many first time buyers look to get onto the property ladder.ADNFCR-1222-ID-801665494-ADNFCR

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