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New Build Development News: New build market is still healthy
The healthy demand for new build homes is likely to continue, according to one expert.
Vernon Pethard, a specialist in the new homes market, said that demand for new-build property is "strong" and that there has been no indication of a seasonal slowdown in October.
He said that on the whole pessimism over house prices expressed by members of the media have largely been unfounded and that the market is improving if anything.
"Over the last year we have seen headlines predicting massive house price rises and equally headlines predicting more doom and gloom. In reality, I predict a fairly stable property market taking all things into consideration," Mr Pethard commented.
He added that the UK is a nation of house buyers and the desire to get a foothold on the property ladder is regarded as one of most people’s major priorities, alongside marriage and work.
The average value of a new build property is £221,276, whereas the national price average for all property types is £165,650 according to the Nationwide.
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