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Nearly 5,000 properties bought using Help to Buy Wales since 2014 (28 April 2017)

Date: 28/04/2017
Duncan Lewis, Legal News Solicitors, Nearly 5,000 properties bought using Help to Buy Wales since 2014

Welsh Assembly Communities and Children’s Secretary Carl Sargeant has welcomed new figures which show that, since the introduction of the Help to Buy Wales scheme in 2014, a total of 4,949 property purchases were completed using a Welsh Government Help to Buy Wales shared equity loan.

Mr Sargeant said that the Welsh government’s housing programme was about providing people with “affordable, safe, warm and secure homes in sustainable communities”.

“I am pleased that our Help to Buy Wales investment has given many first time buyers the help they need to get their foot on the property ladder,” said Mr Sargeant.

“The scheme has also helped provide the Welsh housing market with essential momentum and created valuable jobs.

“Last year, we announced we would invest up to £290 million in a second phase of the scheme to support the construction of more than 6,000 homes, which will be part of our target of an additional 20,000 homes during this term of government.

“This reflects the success of the scheme in providing a route into more affordable home ownership, especially for first-time buyers.

“It has played a huge role in generating confidence within the housing sector and supporting private housing development.”


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