11 Apr

New homes could boost the property market

New homes could boost the property market

The environmental benefits of new properties, as well as the fact that they require less fixes and repairs could see them help boost the property market.

In the budget last month, chancellor George Osborne pledged £150 million to help with house building to improve the stock in the UK.

And now Steve Turner, head of communications at the Home Builders Federation (HBF), said that more people could be looking to purchase new properties because of the benefits they offer, despite a bigger initial outlay.

"New-build properties have always been a very attractive proposition. There are a lot of benefits in terms of them being a lot more environmentally friendly, they are cheaper to run and they don't require any DIY. There are a lot of benefits to new-build homes and developers are working hard to find ways to allow customers to buy," he said.

Mr Turner also said that a number of new schemes would help people see the homes as more viable.ADNFCR-1222-ID-801337722-ADNFCR

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