A property firm leader has challenged critics of the Government’s flagship Help to Buy scheme to come up with a better plan for solving Britain’s housing crisis.
Ajay Jagota, founder and managing director of KIS Lettings, which has branches across the North East, believes the rise in Britain’s GDP, increased output in the construction industry, and rising sales noted by builders, suggests Help to Buy is already proving its worth.
He said: “Help to Buy contains an element of risk and no one wants to see out of control property prices and interest rates, least of all landlords, but the value of any investment may go down as well as up.
“Nothing is truer in property and nothing will ever change that.
“The fact is Britain needs at least 200,000 new homes every year. So to those criticising of Help to Buy I have just one question. What’s your alternative?”