Survey shows strong support for new homes

Ching-He Huang

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Two surveys carried out this year show the home-buying public are showing their support for buying a new home.

One survey carried out by the National House Building Council (NHBC) shows that 94 per cent of new home buyers would buy a new home again and 92 per cent do not report any problems with their homes since moving in.

‘All home builders realise how important the buying experience is and the quality of the homes we build so these figures are very encouraging,’ says Sandra Barton, sales director of Bellway Homes Wessex region. ‘A Home Builders Federation (HBF) survey also shows that First Time Buyer levels are at their highest levels since 2007 and it is the activity of this particular buying sector which is always a key indicator to the overall strength of the housing market.’

With energy prices seldom out of the news the NHBC survey reported some possible savings on energy bills. New homes are built to a much higher specification and use significantly less energy than older homes which could result in substantial annual savings. This could amount to over £1,400 on a four-bedroom detached property, around £900 on a three-bedroom semi or over £400 on a one-bedroom apartment.

New homes are also much more environmentally friendly and produce far less carbon dioxide emissions compared to older homes which is important to some purchasers. The survey also shows that 65% of new home purchases are from buyers who have not bought new previously.

‘The Governor of the Bank of England, during his Mansion House speech, hinted at a possible rise in interest rates which could come before the end of the year,’ added Sandra. ‘Consequently we are expecting to see a continuation of the high levels of sales we have seen over the first half of the year going on into the autumn as purchasers take advantage of tracker and fix rate mortgages.’

Bellway Homes in the Wessex region is currently building in Bognor Regis, Eastleigh, Emsworth, Littlehampton, Portsmouth and Romsey, and will soon have new developments open in Bournemouth, Poole, Hayling Island and Yapton.

For further information call 01425 477666 or email wessex-sales@bellway.co.uk. Alternatively visit bellway.co.uk

Pictured is Sandra Barton, sales director, Bellway Homes Wessex region