There has been a lot of debate as to whether Help To Buy has been fuelling a so-called ‘bubble’ in the property market.
Jonathan Harris, director of Anderson Harris, was asked whether this was the case on ITN News today. He said: ;The actual figures suggest that there isn’t a direct correlation at all, and if you talk to people across the country people are amazed that there is a bubble, especially if you’re outside of London and the southeast.’
He continued: ‘If you’re looking at the figures today, it shows 5 per cent of transactions attributable to Help to Buy in London and 14 per cent in the southeast, which is very low, especially if you combine the percentages with the average transaction purchase price of a Help To Buy property.’
To watch the interview, click here