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UK Homebuyers Reveal Sentiment towards New-Build Properties
The UK is in a housing crisis, and it has been for decades. With problems continually emerging in the market and a shortage of options causing first time buyers to shy away, the report asks over 1,000 UK-based homeowners and property investors what their thoughts are regarding new property developments.
78% of homebuyers viewed new-build properties when house hunting.
64% of respondents are attracted to new builds due to the fact they have no previous owners.
70% of respondents are attracted to new-build property due to the energy efficiency.
340,000 new homes need to be built
To keep up with current demand and to provide suitable living accommodation, the UK need to produce 340,000 new homes every year for the next decade or so. Only 165,090 were built last year.
Our research has shown that we cannot fall into the trap of simply constructing properties of a poor quality, in undesirable locations or without also investing in local infrastructure.
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