Salford Property News
Help to Buy boosted sales of new homes. What next?
Take-up of the government's Help to Buy scheme has declined since the introduction of lower caps and when limited to first-time buyers from April 2021.
At its peak in Q4 2020, the scheme accounted for 36% of all new build sales (averaging 25% over 2020), but has been steadily falling to 14% (in Q3 2021).
New home developers have had to react to the reduction of Help to Buy sales and diversify their offering.
Successors to Help to Buy are likely to be primarily First Homes, but also Shared Ownership and private low deposit mortgages (e.g., Deposit Unlock).Source: Dataloft, DLUHC
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This Blog looks at what is happening in the Salford and Eccles property market. We report on events and community news along with investment ideas and tips for those loosing to invest in the area.
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