Almost 40,000 homes have been bought through Help to Buy since March 2012, new housing and planning minister Brandon Lewis has announced.
According to the figures released today, 27,167 have been bought though the Help to Buy equity loan scheme in the past 15 months, while 7,313 sales have been completed under Help to Buy: mortgage guarantee scheme since October 2013.
A further 5,388 sales have been completed under Help to Buy: NewBuy since March 2012. More than 80% of sales have been to first time buyers.
Mr Lewis said: ‘It's no accident that since the start of the scheme private housebuilding has shot up by a third and continues to climb. Developers are increasing their output, and taking on new workers at the fastest rate since records began.
'And today, for the first time, we’re publishing post-code level data about the scheme, so communities can see exactly how this vital part of our long-term economic plan is improving the housing market and helping their area,’ he added.