Greenslade Taylor Hunt’s dedicated New Homes team, who list a range of new build developments across the South West, reported some encouraging figures. With the aid of digital tools and adapting processes to ensure the safety of their customers and staff, during the lockdown they realised 16 new home sales as well as 20 successful move-ins for relieved buyers.
The desire of people wanting to move hasn’t changed through these trying few months, and new builds offer buyers the opportunity to continue with their moving plans despite the property market hitting pause.
New developments offer modern digital viewing and walk through services which allowed many to view from the comfort of their own homes – something which is also growing in popularity with traditional house sales.
It doesn’t appear that this trend is slowing down. Sarah Hall, New Homes Manager at Greenslade Taylor Hunt comments: “Now that the lockdown measures have been modified, the interest in new build homes has intensified. There is clear pent-up demand for people wanting to get moving again, with plenty of new customers registering, asking to view and looking to reserve.
“We safely sold 18 new homes in the first 10 days of the property industry opening up again, and with demand high, prices remain steady and strong.”
Aided by the positive strides within the new build mortgage sector, with more products available every day and lowered interest rates on many products, it is a good time to buy. Greenslade Taylor Hunt has seen an influx of first time buyers entering the market.
Jason Blunden, Managing Director of Evolve FS says: “Great news in the mortgage market place with physical valuations starting again, which means the lenders can start to catch up on their backlog. With Interest rates lower than before with base rate at just 0.10%, it’s never been a better time to buy.
Five years fixed rates on the Help to Buy scheme starting at 1.84% are amazingly low. Enquiry levels with regards to new mortgages have quadrupled over the last four weeks. Every day lenders are bringing products out into the market place, and every few days they are reducing rates, so that they can try catch up on losing market share. Great time to be buying!”
Greenslade Taylor Hunt’s New Homes team covers a wide range of developments across Somerset, Devon and Dorset. They can be contacted on 01823 219950 or visit www.gth.net/newhomes.