Taylor Wimpey increase prices by 22% grabbing all of Help to Buy "help"

[New Home Expert]

Greedy house builders continue to make even more money on the back of the taxpayer funded Help to Buy scheme, which has now been operating for a full year.

On 17 April 2014, Taylor Wimpey CEO Peter Redfern reported in an Interim Management Statement that the average selling price of the homes Taylor Wimpey build had increased by 22% since April last year when Help to Buy was first introduced.

This means that anyone who bought a new home a year ago before Help to Buy, would have got 100% of the equity and paid over £8,000 LESS for the average-priced Taylor Wimpey new home, than they would if buying just 80% equity using Help to Buy on  the same home today.

Proof if ever it was needed that house builders are pocketing the "HELP"  that Help to Buy was intended to provide.
Anyone buying a brand new home in the current bubble must be as mad as the hatter!
If it looks overpriced, sounds overpriced, the  chances are it is overpriced!

[JamesParkinson]

How could they be up 22% when no one else's is?
Surely what has actually happened is that this is just a simple average.
Build in better locations or bigger houses and of course the average price is higher.
That doesn't mean a house for sale is now up 22% compared to an identical house built 100m away on the same development.
Very likely that that price increase would follow the rest of the local market and be closer to 5%.

[New Home Expert]

Taylor Wimpey's average house is now 22% higher than their average house sold for a year ago.
So on average, Taylor Wimpey have increased their prices 22% - FACT.

The other house builders, whilst many have not reported full-year, April to April average house prices yet, many have reported (in annual statements) that the average price of their new homes have increased by nearly as much:  Bovis 19% : Crest 15% and Persimmon 16% for example.

True the type of house and location do play a significant part in price that can be achieved. 
But this is the average house price rises, which will also include the not so good locations and smaller houses!

Not sure where you get the 5% market increases either! 
According to Nationwide's latest house price figures, in the year to April, prices rose by 10.9%, the first annual double-digit growth since April 2010 and the fastest rate since June 2007.   

This is still HALF what Taylor Wimpey have increased prices in the same period.