The government claims 43 per cent of new homes built since the introduction of the Help to Buy equity loan scheme in 2013 would have not been built otherwise.
A survey published by the Department of Communities and Local Government also claims that 82 per cent of buyers under the Help to Buy equity loan scheme would not have been able to purchase their home without it.
DCLG claims over 130,000 people have now been able to become homeowners since the launch of the scheme.
The 150-page survey insists there is no evidence that the initiative has driven up house prices - but it does claims that house builders have much more confidence in the housing market as a result.
You can see the full survey here.
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The report is a load of rubbish. It is based on the views of the builders not independent economists. There is no proper examination of its effects on property prices. Its just builders patting themselves on the back for getting free money allowing them to keep prices artificially high.
The historic evidence supports the more cheap credit available the higher house prices go. The simplest example of this is when interest rates go up house prices fall, when they go down house prices rise.
Spot on.
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