The Help to Buy equity loan scheme has created 46 new homeowners every day since it launched in April 2013.
Figures from the Department for Communities and Local Government show there have been 12,875 sales of newly-built properties in the first nine months of the scheme. There are also 6,446 sales in the pipeline and more than 22,000 new homes reserved.
Housing minister Kris Hopkins welcomed the news, as a sign of how the scheme is helping homeowners and the construction industry as more homes are built in response to this growing demand.
The most sales have gone through in Leeds with 230 followed by Wiltshire, Central Bedfordshire, Milton Keynes and Manchester. Across the 32 London boroughs there were 810 Help to Buy equity loan sales – 6 per cent of overall sales in the capital.
Around 90 per cent of sales of newly-built homes through Help to Buy equity loan scheme were to first-time buyers.
Hopkins said: “I’m delighted that since the launch of Help to Buy: equity loan just nine short months ago, 12,875 new homeowners have been created – equivalent to 46 a day.
“But with each of these sales being a newly-built home, I’m also pleased that housebuilders are using this momentum to build more, getting workers back on sites and getting Britain building once again.
“All this is a key part of our long-term economic plan, helping bring housebuilding to its highest levels since 2007 and orders for construction materials at a 10-year high.”
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