New Homes news (June 2011)

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Latest New Homes news

Converting empty property 'can avoid a housing crisis'

One of the best ways to avoid a housing "crisis" in the UK would be to convert many of the country's empty properties into new homes , one specialist has suggested. David Ireland, chief executive at Empty Homes, said there is a "real problem" forming in the UK, if the population is cross-referenced against the number of new homes being built. He ...

29th Jun 2011

Property building industry 'has encouraging signs'

There are currently many encouraging signs in the property building industry which point towards a greater supply of homes coming onto the market, one organisation has revealed. A report by the National House-Building Council (NHBC) showed that house-builders registered 29 per cent more new homes in May compared with April. The figure of 10,841 new homes remained consistent ...

28th Jun 2011

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Govt FirstBuy scheme 'of no benefit' to FTBs

The government's new FirstBuy scheme is unlikely to benefit first-time buyers (FTBs) in any way, shape or form in the weeks and months to come, one expert on the subject has commented. Paul Holmes, chief executive officer at the financial and property advice website Firstrung, said that the scheme is definitely not the right option for FTBs. The government announced the ...

22nd Jun 2011

Self-build market 'looks promising'

The future of the self-build market looks very promising, according to one expert who has claimed that more people may look at building their own property in the coming months and years. Jaclyn Thorburn, communications manager at BuildStore, said that the current state of the self-build market is as good as it has ever been. With self-build mortgages seemingly on the rise, ...

21st Jun 2011

Self-building new homes 'is possible'

It is still possible for people to self-build their own new homes for a reasonable price, according to the latest figures. Data issued by Barry Sutcliffe, self-build expert, said that people could realistically look at constructing their own property for between £150,000 and £200,000. He explained that people would obviously need to go through all the right ...

16th Jun 2011

House builders 'focusing on large new homes'

Many housing developers are currently concentrating on building larger homes in an effort to satisfy the demand from home movers, according to one industry expert. Steve Turner, head of communications at the Home Builders Federation (HBF), said it is "a market-driven industry" so at the moment larger new homes are being built. However, this specialist noted that ...

15th Jun 2011

Central London property 'will continue to dominate'

Property for sale in London , particularly in the centre of the city, will continue to "dominate" the market in the months ahead, it has been claimed. Ed Mead, director at Douglas & Gordon, said that the top-end of the property market is continuing to outperform the rest and he does not think this shows any sign of changing. His comments follow the ...

14th Jun 2011

Interest rate change 'unlikely in the short term'

There is unlikely to be a change in UK interest rates in the short term, one property market expert has suggested. Andy Pratt, chief operating officer at Alexander Hall, does not anticipate a change in the near future despite some financial institutions expecting this to happen very soon. His comments follow the publication of a report by Lloyds TSB which predicted that, if ...

9th Jun 2011