haart estate agents has predicted that the second phase of the Help to Buy scheme will cause a substantial uplift in the housing market.
They believe that both first time buyers will ripple up the housing ladder helping to ease the log jam resulting from a shortage of property to sell that exists presently.
Paul Smith CEO of haart said: “The new Help To Buy Scheme will boost demand by reducing a required deposit for a FTB home to an average of £7,218 rather than the current average £33,948.
“But more importantly the extra demand should encourage second steppers, those already in their first owned home, to sell into the stronger demand.
“Second steppers will be further buoyed by the fact that they can also take advantage of 5% deposits if they are short of equity.”
They believe that a chain reaction will start causing the whole market to improve. Do you agree?