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Help to Buy average price of two will increase volume of stock

The government Help to Buy scheme launched this week will stimulate the UK housing market according to estate agent Marsh & Parsons

In London the firm believes Help to Buy will free up mid-ladder buyers with first time sellers reaping the benefits of this and almost certainly increase the volume of homes for sale.

Peter Rollings, CEO of Marsh & Parsons comments: “The bringing forward of the Help to Buy scheme is certainly encouraging politically charged tit-for-tat with more spin than Shane Warne in his prime. But the scheme will help to stimulate the UK housing market over the short term like a shot of adrenalin.

“Outside London the market desperately needs this impetus as prices have risen anaemically for some time but in real terms they haven’t risen for a number of years.  But in London over the last 12 months we have seen price increases of between 10%-15%.

“Yet the capital needs this stimulus to free up mid-ladder buyers who want to become first time sellers. This will create a much healthier balance between supply and demand and it’s these buyers who need help to meet often stringent lending criteria of the banks.”

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