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The British government extends the program to support the real estate market

18.03.2014
Homesoverseas.ru editorial office
34
The British government announced the extension of the program to support the construction sector up to 2020, according to Worldpropertychannel.com . It is expected that about 120 000 objects will be built before the end of the decade. As the GRAIN Gilmore, head of UK real estate market research in the Knight Frank, the increased time frame of the program contributes to the development of longer-term plans to build that fundamentally affect the volumes of construction in the country. The Government's program Help-to-Buy allows customers to make a first home pre-payment in the amount of 5% of the cost of housing and affordable housing to buy up to 600 000 pounds on the condition that the buyer has no other real estate assets. According to recent data, about 15 000 objects were purchased under this program since April last year. HomesOverseas.ru
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