Stevo071077

Interesting! At this end of the country the £300k property would only be worth £250k, with the builder finding a way of raking back the subsidy value for themselves. The same thing happens in China, anything that's subsidised and Hobson's Choice for the buyer has the balcony plan area amongst other things included in the property value.

Nick Graves

Well, of course that happens, which means the new-build depreciation will eventually hit the buyers up the guts.

What happens after five years when they have to pay the interest-free subsidy back is anyone's guess. The housebuilders will have moved on, of course.

Every time the busybodies meddle, the Law of Unintended Consequences means they make things worse.

I suppose it's only akin to the car leasing bubble eventually blowing up, but that's a self-inflicted injury, not a policy wonk one.

Mike's

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Nottm_S2

its exactly that isnt it? interest free for 5 years then you have a bigger mortgage. part underwritten by uk plc who underwrote them all anyway it turns out.

still, if you bought hpusebuilder shares, as i did, happy days.