Help to Buy - Wales (Shared Equity Loan Scheme): January to March 2019

Main points

• Between 2 January 2014 and 31 March 2019, 8,731 properties were purchased under the Help to Buy-Wales scheme. Of these 76% were purchased by first time buyers.
• Over this period, the total value of equity loans was £326.7 million and the total value of properties purchased was £1,649.5 million.
• Completed purchases using the Help to Buy-Wales scheme increased year on year to a peak of 1,939 in 2017-18 before dropping by 5% to 1,849 in 2018-19.
• To date, the mean (average) purchase price paid for all completed purchases was £188,925 whilst the median was slightly lower at £182,995. During 2018-19, the mean purchase price paid was £200,878 and the median was £196,995.
• Over the period since the start of the scheme to 31 March 2019, almost three quarters (74%) of all completed purchases have been by those with an average household income of between £20,000 and £50,000
• Over half (52%) of all purchases to date were of three bedroom properties and 47% were for households with 2 adults and no children.