Demand for shared ownership homes will rise to double the number of such homes currently being built when the government’s Help to Buy scheme comes an end in four years’ time, a new report has predicted.

Real estate group Savills is forecasting demand for share ownership homes will rise by more than 15,000 a year once Help to Buy closes down in 2023.

The firm said more than a third (38%) of around 40,000 first-time buyers – or 15,300 – using Help to Buy annually could not afford to buy their new homes without help from the programme.

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