Tuesday, May 7, 2013
Its a good news day.
HOUSE prices are set to rocket thanks to a surge in new buyers helped on the property ladder by the Government, a report claims. Experts predict a 30 per cent rise over the next two years as home-hunters take advantage of the Help To Buy scheme. It would send the price of an average home to Â£300,000 by the end of 2015 â€“ a huge leap from the current figure of Â£233,000. The scheme, announced in the March Budget, is designed to help people who Âcannot afford the large down payments Âdemanded by commercial lenders to invest in property. Buyers will only need a five per cent deposit. Industry expert Dominik Lipnicki said the move was â€œvery much good newsâ€. He added: â€œThere is no doubt this will help to push up house prices.