House prices could rise by double digits this year
The forecast comes as the help-to-buy scheme for first-time buyers opened for applications
The help-to-buy scheme for first-time buyers, announced in last October's budget, opened for applications today, just as three new reports on the residential property market were released.
The scheme, which provides a tax rebate worth five per cent of the purchase price of newly-built homes to first-time buyers, could lead to double digit price inflation in house prices this year by adding fuel to the fire of a supply-constrained property market, according to ...
