14
Oct
Opportunity awaits for homebuyers, says expert
The head of a new homes firm has suggested that the near future may
provide some very good opportunities for those purchasing such
properties.
Managing director of Smartnewhomes.com Dave Bexon said that the new
banking liquidity measures taken by the government are likely to
start opening up the mortgage market soon.
However, he stated, developers are likely to continue offering
buyer incentives in the coming months, as the increase in the
building of new homes will be gradual while the industry builds up
its capacity again.
The consequence will be that new homes will attract a price premium
as the market picks up, he concluded, saying: "Buyers who purchase
new homes over the next 12 months are set to benefit not only from
excellent value for money, but also strong future growth."
Director of property portal propertyfinder.com Nicholas Leeming
said mortgage availability should improve since interbank lending
rates have begun to "creep back down" since the government's
liquidity plan was announced.
