The time is right for newbuild

Published on

&ltdiv class=&quotMsoNormal&quot&gtAutumn 2009 is set to be one of the best-ever times to buy a new-build, says David Bexon, managing director of &lta href=&quothttps://www.smartnewhomes.com&quot&gt&ltspan style=&quotcolor: windowtext text-decoration: none&quot&gtSmartNewHomes.com&lt/span&gt&lt/a&gt. Newbuild prices are down nearly 20% on their peak in July 2007 and new stock is being made available in September and October as developers look to capitalise on a strong summer market.&lto:p&gt&lt/o:p&gt
&ltdiv class=&quotMsoNormal&quot&gt
&ltdiv class=&quotMsoNormal&quot&gtnew home prices are now beginning to show strong signs of stabilising, with the rate of annual decline decreasing rapidly since May acording to SmartNewHomes research, as competition among buyers begins to intensify. However, the supply shortage is set to hit heavily in 2010, restricting the time remaining to secure the best new home prices, warns Bexon.
&ltdiv class=&quotMsoNormal&quot&gt
&ltdiv class=&quotMsoNormal&quot&gt&lto:p&gt&lt/o:p&gt
&ltdiv class=&quotMsoNormal&quot&gt”With new home prices lower than they have been in years and a large number of developers set to release new stock following a surge in reservations this summer

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mortgage boss swaps rates for reindeer country in charity trek

While most brokers are worrying about swap rates and pipeline conversions, Liddle Perrett founder...

February rate cut looks unlikely as affordability pressures linger

Hopes of an early interest rate cut are fading making it increasingly likely the...

Growing uncertainty leaves UK adults rethinking long-term finances

Rising economic and political uncertainty is prompting a significant number of UK adults to...

The Marsden joins Brilliant Solutions panel to widen later life and expat lending access

Marsden Building Society has joined the Brilliant Solutions lender panel, expanding the range of...

Investec survey shows rising confidence among high-net-worth mortgage brokers

Mortgage brokers operating in the high-net-worth market are increasingly optimistic about growth prospects over...

Latest publication

Other news

Ignore the Gen Z worker stereotypes – the future is bright

The office fridge. Full of 12 types of milk, none derived from cows, and...

Mortgage boss swaps rates for reindeer country in charity trek

While most brokers are worrying about swap rates and pipeline conversions, Liddle Perrett founder...

February rate cut looks unlikely as affordability pressures linger

Hopes of an early interest rate cut are fading making it increasingly likely the...