Findings from RICS' April 2013 UK Residential Market Survey indicate an increase in the UK property market, following the launch of the government's Help to Buy scheme.
The survey found that:
Peter Bolton King, RICS global residential director, commented: “It is encouraging to see government initiatives are having an impact on the property market. Help to Buy in combination with the Funding for Lending scheme appears to be giving the market a shot in the arm. Thankfully, sales are expected to pick up over the coming months, albeit from historically low levels.
“However, there are some understandable concerns that the measures will also lead to higher prices. In view of this, it is critical that developers are as good as their word and speed up the delivery of new stock.”