Lesley Griffiths
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'Huge boost' to construction from Help to Buy

Up to £290m will be spent on a scheme to boost the housing market and home ownership over the next five years, the Welsh government has announced.

The second phase of Help to Buy Wales aims to support the construction of more than 6,000 homes by 2021.

Buyers with a 5% deposit receive an interest-free loan of up to 20% of the price of newly-built properties, up to a value of £300,000.

The Conservatives claimed Labour ministers had "listened to pressure" from them and said they were pleased the scheme was being extended.

But Communities Minister Lesley Griffiths said the money showed the Welsh government's commitment to encouraging house building and people owning their own home.

  • 10 Dec 2015
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