The UK property market is maintaining performance and buyers have stopped putting their lives on hold despite Brexit uncertainty. People’s reasons for moving are still as relevant now as they ever were and buyers in the market still need to up-size, downsize, move locations, move into school catchments and so on. We are seeing that they are now returning to the marketplace as they realise that they can’t keep putting life on hold.
Buyers had shown previous interest on properties but had refrained from committing, they have now started to secure sales. The uplift in people moving homes is over a broad range of price points and property types. Government schemes, such as the Help To Buy equity loan, have helped support the increase in first-time buyer numbers.
Families, often second-steppers are outgrowing their first property and cannot postpone a move. Rightmove said family homes with three and four bedrooms are in high demand and are currently holding their value particularly well. We realise this at Fortitudo and have started construction on 8 family homes each with three and four-bedrooms in Kingsworthy, the popular suburb of Winchester.
It’s one of the most sensitive markets that we’ve seen for years, buyers are understandably looking for value and extra quality.
All of Fortitudo’s developments offer a high specification and cleverly designed space in sought after locations. To view our latest sites, click here.
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