The important role of new-build homes

By David Vincent Property Editor, East Anglian Daily Times

IS the new homes market on the move, at last?

Travelling around Ipswich and East Suffolk, from Felixstowe across to the Stowmarket area, it is obvious that national developers as well as some of our local builders are still beavering away to complete a range of new homes.

The level of activity still seems subdued, from the boom years of the early 2000s, but at least new houses are under construction, bringing a valuable stimulus to the overall market.

In any housing chain a newly-buiilt home can really get things going.

A downsizing purchaser or a growing family equally can move into a newly completed house, secure in the knowledge it is built to the latest building regulation standards, with low running costs, and is covered by a guarantee.

It is much more complicated if there are two, three or four properties in a chain, with the owners trying to synchronise their needs and completion dates.

So new house building and purchase can be a vital part of a vibrant and efficient housing marketplace.

A young couple, if they have managed to save that vital first deposit, can usually take one of two routes.

Buying direct from specialist house builder on the site is one choice; looking at the pre-owned market and going for a terraced home or small semi-detached house is another.

New house sales seem to be more positive, according to agents Connells, which has recorded its highest number of new home sales in September 2011 for over four years.

According to its figures, the number of buyers purchasing a new home in the eastern region last month reached a level not seen since July 2007, indicating renewed interest in the housing market generally and particularly in new build properties.

This comes just two months after the Connells Group revealed a nationwide upturn in new homes sales since the start of this year and compared with similar periods in 2010. “Connells sells a wide range of new homes, from one-bedroom apartments to luxury detached houses, and we’ve seen growing interest for these properties as 2011 has progressed,” said Trevor Hill, regional director for Connells Land & New Homes.

“In the current climate, a new home represents fantastic value for money with incentives like deposit paid schemes, shared equity and part exchange often making the difference to whether buyers are able to move or not.”

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