The Attraction Of New Builds In The Race To Buy

Posted 18 January 2021 by Keith Osborne

Andrea Fawell of Kebbell on the increasing attraction of brand new homes before the Stamp Duty holiday comes to an end...

Builders of new homes are struggling to meet demand in many areas as housebuyers race to purchase a home before the Stamp Duty break finishes at the end of March, and property searches have never been higher, according to award-winning housebuilder Kebbell.

Andrea Fawell, sales and marketing director of Kebbell, said: “Buyers are rushing to purchase a new home before the Stamp Duty break ends, which occurs at the same time as the Help to Buy Scheme changes at the end of the March. Whilst the deadline for the current Help to Buy scheme has passed, the race is still on to benefit from the Stamp Duty holiday and it is probably only new builds that can offer a fast enough buying process that can meet the demand as many upward chain purchasers can’t be confident of completing in time. The demand in the last few months is such that we have a waiting list at several of our developments including Cornelian Fields in Scarborough and Heatherfields in Bordon in Hampshire.

“In addition to the Stamp Duty break, homebuyers may feel that new homes are more Covid-secure than walking into a pre-owned house with people living there, so buyers who might not have thought of it before, are increasingly looking at new homes. Equally individual sellers might not want to put their homes on the market during lockdown, whilst developers have extensive protocols in place to ensure we are Covid-19 secure.

Cornelian FieldsCornelian Fields

“New homes also offer the benefit of sophisticated, detailed virtual online viewings so potential buyers already know a lot about the homes before they even visit the development and are therefore more likely to already be serious buyers upon arrival.

“Another factor driving the demand is the desire to move out of the bigger cities as homeowners are increasingly prioritising having a home office, a nice garden and to be close to open space because of the pandemic. We have also seen a number of key workers buying properties in our developments including teachers, doctors and nurses as they look towards the future.”

Viewings are available by appointment only and Kebbell has put safety measures in place to make show homes COVID-19 secure and to comply and exceed all government guidelines.

Find out more about current Kebbell developments.

 

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