new build homes
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Latest property news
New-build sales for agents in jeopardy as construction flatlines
Data from RICS shows the housebuilding industry is slowing down after the post-Covid boom.
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Latest property news
Are new-build homes too expensive for this generation of buyers?
Data from Openpropertygroup.com calculated affordability ratios based on new-build house prices compared with workplace earnings.
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Latest property news
To Move Now launches Part Exchange alternative
A new alternative to Part Exchange has been launched to help housebuilders sell new-build homes more quickly.
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Latest property news
New homes to get superfast broadband
Poor Internet connections and slow download speeds will soon be a thing of the past for residents of new build homes across the country, after the Government struck a deal with telecoms provider BT and the Home Builders Federation (HBF) to ensure that all new build homes are delivered with superfast broadband installed. The deal means fibre-based broadband will be offered to all new developments either for free or as part of a co-funded initiative. “Broadband connectivity is just one thing that home buyers now expect when buying a new build, so this industry-led push to make superfast, or indeed ultrafast, broadband speeds available by default in new homes represents a very important step in meeting the UK’s digital needs,” said Digital Economy Minister Ed Vaizey. The installation of fibre broadband should help to increase the attractiveness of new build homes, ensuring that “new build purchasers benefit from the very best connectivity to go alongside the many other advantages of purchasing a brand new home”, according to Stewart Baseley (left), the Executive Chairman of the HBF. The HBF has in the past criticised BT-owned Openreach for a persistent failure to connect newly built homes in a timely fashion. But the…
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Housing Market
UK steps up housebuilding
The number of new homes registered to be built in the UK increased by 7 per cent year-on-year in 2015, hitting an eight year high of over 156,000, the latest figures from the National House Building Council (NHBC) show. Private sector registrations rose by seven per cent to 118,611 in 2015 compared to 110,674 in 2014 while public sector registration increased by five per cent to 37,529 from 35,685 in 2014. While the 2015 annual total is still well below the 199,177 new build homes registered in 2007, it is 75 per cent higher than the 88,993 new homes registered during in 2009. “2015 was a year for continued housing growth in the UK. Both the public and private sectors have performed well and we have seen encouraging levels of house building across most regions of the country,” said NHBC chief executive Mike Quinton (left). The volume of detached homes registered reached 42,173, the highest for more than a decade. Additionally, the number of semi-detached homes registered in 2015 at 35,423 was the highest in over 20 years. NHBC’s latest figured also revealed that most parts of the UK experienced significant growth year-on-year, led by Northern Ireland, up 30 per…
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Housing Market
Estate agents target more newbuild housing instructions
Hunters and Douglas & Gordon are hoping to win more new housing instructions from housebuilders after launching dedicated New Homes divisions to cater for an anticipated rise in the volume of new build homes set to come on to the market. Hunters has introduced a Residential Development Investment (RDI) divisionto cater for its growing number of investor and developer clientele in the land and new homes sector of the housing market. With offices in Manchester and London the new RDI division, trading as Hunters Land & New Homes, will focus on delivering high-quality investment stock in the capital, Manchester and other select regional markets to Hunter’s expanding client base. Services for developers include land sourcing and acquisitions; consultancy; and the management of sales and marketing campaigns in the UK and overseas, spanning Africa, the Middle East and Asia. “Our team is equipped to offer developers nationwide a complete and comprehensive service including consultancy, innovate marketing and branding, on-site and overseas sales and of course, access to our national database of clients through Hunters’ 160 branches throughout the UK,” said Mike McManus (left), Director of Hunters Land & New Homes Manchester office. In London, Hunters Land & New Homes will primarily…
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Housing Market
Government aims to deliver 1m new homes
The Government announced this week that it wants to deliver 1 million new build homes in England by 2020, in an effort to tackle the growing housing crisis. The mounting supply-demand imbalance in the market is driving up both property prices and rents across many parts of the country, with new research suggesting that the average price of a residential property Britain could reach a whopping £300,000 by the end of the year, if price growth in the property market continues at its existing pace. Rightmove’s latest House Price Index revealed that the average price of a home hit a new national high of £294,834 in September, owed mainly to a lack of housing stock coming on to the market. Miles Shipside (left), of Rightmove, commented, “High demand, lack of suitable supply, and increasingly stretched affordability are leading to some extremes in market forces in different sectors and parts of the country.” The National Housing Federation estimated that 974,000 new homes were needed between 2011 and 2014 to meet demand, and in reality that figures looks likely to rise. Housing Minister Brandon Lewis said this week that the Government is determined to deliver 1 million new homes during the course…
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Housing Market
Stimulating institutional investment is key to success of PRS
London property consultancy Daniel Watney LLP is calling on the Government to encourage further institutional investment as a means of improving the private rented sector, rather than relying on extra regulations for landlords and agents. It is well documented that significantly more new build homes are needed to help solve the UK’s housing shortage, and Daniel Watney believe that new funding from institutional investment can play an important role in contributing to the rise in housing supply, as well as addressing pricing issues in the housing sector. The comments come ahead of the Department for Communities and Local Government launching a new consultation on how to best tackle to rogue landlords and drive up standards in the private rental market. Julian Goddard, head of residential at Daniel Watney, said, “As the consultation paper itself acknowledges, rogue landlords are very much the minority, with the overwhelming majority of tenants satisfied with the accommodation and service they receive from their landlord. “The best way to improve the private rental market is not to burden landlords with excessive regulation, as the proposed immigration checks will do, and to encourage further institutional investment, which will allow for more purpose-built rental accommodation to be built,…
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Housing Market
Political parties set to fail on house building promises
All the major political parties are proposing to develop at least 200,000 new build homes a year if elected to power this week to help tackle the housing shortage, but new research shows that level of house building may be unachievable under existing market conditions. Knight Frank’s latest Housebuilding Report reveals that more than two thirds of residential property developers in the UK believe that it would be impossible to deliver more than 180,000 new homes a year as things stand. More than 160 respondents from house-builders and developers across the country took part in Knight Frank’s annual survey, with 67 per cent of respondents stating that the maximum sustainable annual delivery of new homes was 180,000 or less. Just 9 per cent said it was possible to build more than 200,000 residential units a year. Over half of all developers and house-builders said a rise in the delivery of affordable homes over the next year was unlikely. However, around 60 per cent expect a continued rise in the number of total housing starts and completions over the next 12 months. With a general shortage of new homes coming onto the market, 78 per cent of respondents expect new-build prices…
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