“The mini boom in new-builds”
Is the title of an article in The Times’ Bricks and mortar today.
It talks about a lack of supply in new-builds as developers have to pick and choose which developments they build and which they bail out of. With a continuing high demand for property in the UK we have seen a mini boom in some areas in the new-build sector. Bristol is one area which they highlighted as having avoided the new-build ‘over-supply’ and where they are still selling in great numbers week after week.
Smartnewhomes.com also reported that the price of new homes across the UK has increased by 2.1% over the past 12 months.
I hear so many people talking about the depressed property market – particularly on the new-build front, but this goes to show that most of the doom and gloom is, as usual, utter rubbish.