Government say housing market strategy is working

The Secretary of State for Communities and Local Government, Eric Pickles, said yesterday that government action to help kick-start the housing market was working.

Mr Pickles said that housing supply and confidence is now increasing, and has turned a corner since the unsustainable housing bubble burst under the last administration.

They say that in the last two years almost a third of a million additional homes have been delivered, whilst 150,000 more affordable homes have been built.

The latest figures show that since the launch of the Help to Buy Equity Loan scheme in April, 10,000 reservations for new build homes have been placed.

Eric Pickles, Secretary of State for Communities and Local Government, said: “This government’s package of measures to boost the housing market is working, with house building and housing supply on the up.

“The tough decisions we’ve taken to tackle the deficit are now delivering a sustainable increase in housing and providing real help to hard-working people.

“With over 10,000 reservations in 4 months, it’s clear that the Help to Buy Equity Loan scheme is working well.

“By dealing with the big challenges, we are helping thousands of young people and families get on and move up the housing ladder, and Britain is building again.”

Would you agree that the government’s strategy is working? In what ways do you think it could be improved?

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