COVID-19 – Important Auction Information

Post-Pandemic New-Build Property Boost

07.03.2022

According to recent research, homeowners are now more likely to consider purchasing a new-build property, than before the pandemic.

The independent survey conducted by FJP Investment revealed that buyers are drawn to the improved energy efficiency of new-build developments, 'modern facilities and furnishings', and the reduced likelihood of complications that come from previously owned properties.

Despite the increased appeal of new-build homes, the research also found that a large percentage of buyers believe new-builds are 'overpriced' and often 'unattractive'.

FJP investment CEO Jamie Johnson commented: “The UK property market has been a hive of activity over the past 18 months, and our research clearly shows that more people are now considering new-builds for their next home or property investment. The greater energy efficiency and conveniences that modern developments afford stood as a key factor working in the favour of new-builds. That said, we cannot ignore the concerns homebuyers voiced. For example, many are wary of purchasing a poorly-built home, while others consider them to be located in less desirable areas or to lack character. The Government has already stated its desire to build beautiful homes. It must support those claims by investing in infrastructure and supporting the construction to ensure the high standards of new-build developments.”

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Original Source:
https://www.propertyreporter.co.uk/property/new-build-sentiment-grows-during-the-pandemic.html

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