British government to support new homes

Note: This section contains information in English only.
Source: Bloomberg
UK lawmakers decision to cut down payments for new houses is likely to stimulate home construction industry which has severely contracted since 2006. Currently home purchasers have to pay down payment equal to 25% of total house value. The new government plan would share the guarantee between constructors and state to protect creditors. Analysts expect home building industry to expand by 15% in second quarter after the measures are implemented. 

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