Help to Buy — Wales

Part of 1. Questions to the First Minister – in the Senedd at 2:06 pm on 8 May 2018.

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Photo of Jayne Bryant Jayne Bryant Labour 2:06, 8 May 2018

Thank you, First Minister. The value of homes in Newport has grown by 4.7 per cent in the last year, with the average house price now in Newport over £185,000. The Welsh Government's Help to Buy scheme has helped over 1,200 first-time buyers to purchase their homes in Newport, and that's one fifth of all Help to Buy homes purchased in Wales. With the removal of the Severn bridge tolls fast approaching, and people moving from Bristol and Cardiff to Newport, increasing rents and house prices continue to put a real strain on young people and families. Consequently, there's a real risk of young first-time buyers being priced out of the market. What more can the Welsh Government do, with the local authority and social landlords and developers, to ensure property hotspots like Newport are attainable for those who want to get on the housing ladder for the first time?