this post was submitted on 05 Oct 2024
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In the UK a similar scheme just led to the entry-level segment of the real-estate market inflating faster than the rest.
It also led to a rise in more 'luxury' entry-level properties being built.
Again, it's not exactly the same concept, but in the case of the UK, most economists agree that most buyers actually would have been better off if the policy had never been introduced, since the price rises ended up outpacing the value of the assistance.