NewBuy’s first purchaser gets ready to move in
NewBuy, the Government-backed home purchasing scheme, has seen its first completion.
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NewBuy, the Government-backed home purchasing scheme, has seen its first completion.
Property is coming onto the market in London at record asking prices this month.
The national average asking price of property coming to market is now ÂŁ243,737, breaking a previous record set nearly four years ago.
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NewBuy is a new initiative which aims to help home-buyers secure up to a 95% Loan to Value mortgage on new build properties from participating builders in England.
New sellers’ asking prices in London have reached a new peak of £455,159, the result of a monthly rise of 1.3% (£5,907).
Early indicators suggest that property market activity in 2012 is on course to be more robust than in 2011.