article_snippet: The new Isa for first-time buyers is unlikely to solve the housing crisis – and could even worsen the property price 'bubble', economic experts warned yesterday.
article_snippet: The policy has been welcomed by mortgage brokers, who believe The policy could inject some life into a slowing property market.
article_snippet: IFS economist Stuart Adam said those who would find it easiest to take up the offer were people already able to afford a deposit. '
article_snippet: This is a rather dubious policy, intended to help first-time buyers which is more than likely to have the effect of inflating housing prices,' IFS economist Stuart Adam said. '
article_snippet: A lot of the benefit of The policy will go to people who would have done that saving anyway.'
article_snippet: The policy has been welcomed by mortgage brokers, who believe The policy could inject some life into a slowing property market .
article_snippet: However, we would like to see a greater emphasis on building more homes.
article_snippet: There is a danger that giving first-time buyers assistance with a deposit will only push up property prices further.'
article_snippet: But Peter Rollings, of estate agents Marsh & Parsons, said the Isas, coupled with cheap mortgage rates, would 'up the ante in the housing market in the coming months'.
article_snippet: David Hollingworth, of brokers London & Country, added that the scheme would particularly help in areas where house prices had been 'outpacing the rate at which first-time buyers can save'.
highlights_snippet: Welcomed by mortgage brokers, who say it could help slowing market .
  