30 Mar

Buyers advised to capitalise on new-build incentives

Buyers advised to capitalise on new-build incentives

Those planning to buy a new home may wish to do so in the near future, as an expert has suggested that existing incentives are unlikely to last long.

Head of communications at the Home Builders Federation Steve Turner explained that developers are offering assistance to buyers.

This is giving the new-build market an advantage, he said, since second-hand sellers are unable to do the same.

However, Mr Turner observed that confidence is picking up - particularly as mortgage availability is improving - and as the market recovers "you may not see the range of incentives that we are seeing on offer, so customers need to judge when they feel the best time is to enter the market".

Earlier this month, Knight Frank revealed that sales of new-build homes in London had increased 214 per cent in the fourth quarter of 2009, compared to the same period a year earlier.ADNFCR-1222-ID-19697700-ADNFCR

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