Sunday, May 22, 2005

Government offers help first time buyers

The government's announcement to help first time buyers get on the housing ladder doesn't go far enough says Suffolk estate agent Todd Lewis.
"Whilst sharing the equity will help many first time buyers, it doesn't solve the real problem, the genuine lack of new housing stock. Whilst allowing buyers to purchase just 50% of the value is fair, charging rent on the other 50% is pushing the cost upto the original 100%.
If the scheme where to be a success it would only increase demand on an all ready short supply, hence increasing prices!

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