Tuesday, 8 August 2017

UK Housebuilders' Shares Slump On "Help To Buy" Worries

Shares in British homebuilders have slumped after an article in trade publication Property Week cast doubt over the future of the government's "Help to Buy" scheme which is aimed at boosting home ownership among first-time buyers. The article said the government had begun a review of the scheme which could result in it being wound down or replaced before its scheduled end in April 2021. A spokesman for Britain's planning ministry said the "Help to Buy" equity loan scheme was regularly reviewed. "To infer from that that it will be cancelled is incorrect," the spokesman said. Read more on the Reuters website.

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