Autumn Statement 2015: London Help to Buy addresses imbalance in housing market

Autumn Statement 2015: London Help to Buy addresses

Jan Crosby, Head of Housing for KPMG, comments on the Chancellor’s Autumn Statement announcement about a London Help to Buy Scheme.

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London help to buy Scheme

Commenting on the Chancellor’s Autumn Statement announcement about a London Help to Buy Scheme, Jan Crosby, Head of Housing for KPMG, said:

“It makes sense that where house prices are roughly twice the national average, people are offered twice as much support to get on the property ladder. This will allow a similar percentage of the population to benefit from the scheme as elsewhere in the UK, addressing the current imbalance between the capital and the rest of the country.

“Of course, an improved Help to Buy offer will fuel demand, meaning that inflation will also rise, but it’s a definite step in the right direction in terms of helping to keep talent in the capital city.”

 

ENDS

 

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