Essex/Suffolk: Colchester highlighted for Help to Buy success as district figures revealed.
- Credit: Su Anderson
More than 300 homes in Colchester have been bought through the government’s Help to Buy scheme.
New figures have been published giving a break-down by postcode and constituency to help builders and communities see how the scheme benefits specific areas.
The government says almost 53,000 homes in England have used the initiative.
Brandon Lewis, housing and planning minister, said: “Hard-working families are getting the right support to step onto the housing ladder, and housebuilding has climbed to its highest level since 2007.
“Postcode data for each constituency is now available, so local communities can see exactly how this vital part of our long-term economic plan is fixing the broken housing market we inherited in 2010, and supporting their area.”
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Colchester was highlighted along with major cities such as Manchester and Liverpool for achieving more than 300 sales.
There were 304 sales between April 1 2013 and August 31 2014 in the borough, compared to 71 in Tendring and 39 in Braintree.
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In Suffolk there were 41 sales within Ipswich, and 57 in Babergh, with just 25 in the Suffolk Coastal district.
Mid-Suffolk fared best with 86 sales under the scheme, while St Edmundsbury saw 35 sales.