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The homebuilders sector index fell more than 4% after the speech, reversing a 2% rally in the run-up to the budget. Shares of Barratt Redrow, Taylor Wimpey and Persimmon declined more than 5% each, placing the companies among the biggest losers on the European benchmark STOXX 600 index. Healey said 'Your First Home' scheme would be introduced next spring, funded with £4.7 billion ($6.24 billion) of government-backed lending. Analysts, however, flagged that the timeline looks later than ideal, with the first equity loans not expected to be issued until April 2027 - likely missing the start of the crucial spring selling season. "The biggest issue is more around the level of funding and the consequent duration of the scheme," said Investec analyst Aynsley Lammin. The level of funding pointed to a scheme lasting only a couple of years rather than five or more, Lammin noted, and could deter builders from committing to new sites. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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