New homes 'more popular than ever'
14th Aug 2012
New homes in the UK are currently more popular than ever, according to a new report that reveals 79 per cent of house-hunters would prefer to buy a brand new home, as opposed to renting or buying a second hand property.
The reproach, carried out by Barratt Homes, shows there has been a 27 per cent increase in the popularity of new build property, since a similar survey was carried out in 2008.
Some 5,000 house-hunters were quizzed in spring 2012 and noted that the main attractions of new homes include lower maintenance levels, reduced running costs, higher specifications and solid construction.
Steve Barton, sales director for Barratt Mercia, commenting on the survey, explained that it is no surprise that new homes are proving attractive to house buyers, with schemes like the government-backed NewBuy enabling buyers to purchase a brand new home with as little as five per cent deposit.
"Those who had put off plans to move, or have been saving for a deposit are surprised at how affordable a new build home can be," he added.
Other findings from the survey show that 33 per cent of those polled had been saving a deposit for more than five years, with six in ten respondents ultimately assisted by their parents in some way when buying a home.
Posted by Staff Writer: Ewan Robertson
© Zoopla Property Group Limited