New Homes suffering from a lack of buyers

publication date: Aug 12, 2010
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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New Homes suffering from a lack of buyers


June's new build property prices and data show that even the few new builds that are available are suffering from a lack of buyers. According to Smart New Homes, prices are down because of an increase in second homes coming onto the market, so more stock and a continued lack of mortgage funding available.

However this doesn't really fit as there seem to be less new builds coming onto the market (even by their own admission, "June saw the lowest number of new homes brought to the market since the start of the Index"!) and new build buyers are rarely 'attracted' away from them for second homes, so Kate concludes that falling prices are a sign that the number of buyers willing and able to purchase are currently waning, or at least holding off for now.

The falling of prices and volume is also affecting all property sizes and most areas, a sure sign that things are stalling, if not heading to a downward spiral.

READ MORE for the regional performance statistics and new homes data.

For a complete analysis of all the property market prices and statistics, read the latest and most comprehensive Property Market Update.

If you need independent advice on buying and selling in the UK, then contact Kate Faulkner and her team at Designs on Property by emailing enquiries@designsonproperty.co.uk or calling 0845 838 1763.

Need help with a property problem? Have a question? Why not call Designs on Property on 07585 897128 or Contact Us via email.
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