Barratt says Help to Buy has fired up the market
Friday 10 May 2013
George Osborne's Help to Buy scheme is jump-starting the property market, according to the housebuilder Barratt, which is taking on 600 graduates and apprentices over the next three years to deal with demand.
Barratt, one of the UK's largest housebuilders by market value, said buyer demand and mortgage supply were both at the best rate for five years thanks to the Government's scheme, with around 400 people using Help to Buy to reserve properties since its launch on 1 April.
Across the UK, Barratt said net reservations per week rose 18 per cent compared with the same period a year earlier. Overall it saw a 9.7 per cent year-on-year increase in reservations from 1 January 1 to 5 May. Private forward sales so far this year were also up 28.5 per cent at £1bn. The company plans a "conservative" dividend for the year.
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 3 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 4 Bad Jews poster 'censored' on London Tube
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
Professor Brian Cox brands astrology-believing Tory MP David Tredinnick an 'outlier on the spectrum of reason'
Lynch mob kills suspected rapist in India after dragging him naked for four miles through city
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£12 - £15 Hourly Rate: Jemma Gent: In this role you will report to the Head of...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...