Genesis Homes Sees Property Market Boom In Cumbria

Penrith-based Genesis Homes has seen a significant hike in homebuyer interest since the government announced the Stamp Duty holiday last month.

It says initial interest after returning from lockdown in May saw a flurry of activity and an influx of enquiries, website traffic and sales. July was “an incredible month”, and August is following suit, even when compared with a busy January and February and the buoyancy of the market following the agreement over Brexit.

The announcement of a Stamp Duty holiday on 8 July, and interest rates at an all-time low, are keeping the market buoyant, and considering we are in the summer ‘holiday’ months, when traditionally people are away and less likely to be buying property, it is unprecedented, said the housebuilder.

Nicky Gordon, managing director at Genesis Homes, commented: “We have certainly had a busy couple of months and that’s increasing day by day. Our web traffic in July was up by 30% (compared to the same period 12 months ago) and the same for actual enquiries, which is a welcome, yet much needed boost for the industry. August is looking even better with nearly double the number of visitors. We are seeing a lot of new users visiting our website too with 75% being new users which backs up industry data. We introduced a new ‘live chat’ option to our website in March that had been steady away, but the last six weeks has seen a massive spike in conversations.”

He added: “We are seeing a real demand for properties in rural areas which is where Genesis Homes build most of its developments. When you combine the stamp duty holiday and low interest rates to the sought-after Cumbrian countryside, you’ve got a winning formula for both buyers and investors.”

Genesis Homes currently has properties for sale on existing developments at Quentin Park, Cumwhinton (only three homes remaining), St Bridget’s, Brigham (only six homes remaining) and The Orchards, Burgh by Sands (ten homes remaining).

The company recently commenced our latest development at Rheda Park near Whitehaven and are soon to start on site at Hackthorpe near Penrith, and Stainburn near Workington with pre-registered interest on each of the developments at all-time record high numbers.

Find out more at www.genesis-homes.co.uk.

Find retirement homes developments in the North West
Find affordable homes developments in the North West
Find luxury homes developments in the North West