The below article has been published by the property portal zoopla.
--------------------------
The UK's new homes market is being negatively impacted by mortgage lenders who are holding back from providing good deals to buyers, according to one expert on the subject.
Vernon Pethard, managing director at NewHomesforSale, said that the market is being affected by "fragile confidence" and "general discrimination", which is leading to a restriction in overall price growth for new builds.
His comments follow the publication of research by SmartNewHomes, which revealed that the average price of a new property fell by 0.4 per cent in March to £218,344. Annually, growth in the price of new homes was one per cent last month.
Mr Pethard said that the "prudent attitude" adopted by many lenders is "not helping matters" for potential homeowners.
He added: "Lenders generally discriminate against new-build homes, by unjustifiably offering lower loan-to-value mortgages on brand new properties compared to re-sales, making it harder for many prospective buyers to purchase a new home, which holds back demand."
The expert said that this is in spite of the fact that many new homes do not necessarily command a "premium" in price, and are also far more energy efficient on average and cheaper to run overall than the majority of older properties.
Wednesday 20 April 2011
Thursday 14 April 2011
OUTLET launching Penthouses and Lofts
We’re proud to say we’ve helped thousands of customers find their ideal home over the last 15 years. Being based in Soho, and having many clients who work in the arts, fashion and media businesses (and other cool professions), we have seen an increasing demand for unique properties - quirky conversions, lofts, penthouses and flats with the WOW factor.
Our clients demand more and more; spacious entertaining spaces, striking views, double height ceilings, industrial features or ultra-modern kitchens and bathrooms. So, to help meet demand for these special properties, we will soon be launching a new, very special, service.
More news after Easter!
Subscribe to:
Posts (Atom)