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04/01/2010
Opportunities to invest in new build properties 'to rise' |
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Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
Editor at new homes portal tailoredhome.net Dino Wilson remarked: "It is likely that there will be a sizeable jump in the volume of housing starts next year."
He said this would be caused by rising confidence, increasing mortgage approvals and the likelihood that the worst of the downturn in the sector has passed.
At the same time, Mr Wilson noted, the projected rise in households will mean that the supply of property will be less than needed to meet demand in 2010.
This factor may help push up the value of new homes and those keen on expanding their residential portfolios may wish to speak to a property lawyer about the procedures involved.
Research by new-build dwellings company Smartnewhomes.com recently revealed that three of the four months to November 2009 saw a rise in the value of such houses.
Written by Pauline Adams
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