One third (32%) of private tenants in the UK are planning to buy their first home in 2014, Rightmove reported this morning.
Nearly a quarter (24%) of those say they are looking to buy as a direct result of phase two of Help to Buy or have brought forward their plans to buy because of it.
One in five people (18%) currently living with their parents but planning to make the move to home ownership have also been influenced by the scheme.
But, said Rightmove, the shortages underpinning the housing market will not fundamentally change because of “a few months of Help to Buy”. The scheme is due to have a shelf life of three years, or 36 months. Continue reading »