Buoy­ant mar­ket in Hayes is good news for ven­dors


Harefield Gazette - - UXBRIDGE PROPERTY -

lat­est of­fi­cial fig­ures show that the Gov­ern­ment’s flag­ship hous­ing scheme, Help to Buy, has helped al­most 90,000 peo­ple buy a new home since it was cre­ated in 2013.

The data re­veals that:

Help to Buy eq­uity loan and mor tgage guar­an­tee schemes, some 80% of scheme com­ple­tions have been made by first-time buy­ers and the av­er­age house price was £185,000, sig­nif­i­cantly be­low the na­tional av­er­age. through Help to Buy are new build proper ties, help­ing to con­trib­ute to the 37% rise in pri­vate house build­ing since the launch of Help to Buy.

out­side Lon­don, the high­est num­ber of homes has been through the mor tgage guar­an­tee scheme in the Nor th West re­gion. The eq­uity loan, the scheme for new build proper ties,

com­ple­tions have been least con­cen­trated in re­gions where house price growth is high­est. In Lon­don the scheme makes up just 1.3 % of all mor tgage lend­ing com­pared to an av­er­age of 3% across the countr y.

It is widely ac­cepted that Help to Buy, to­gether with the Gov­ern­ment’s Help New Buy scheme (which of­fers 95% mor tgages for those buy­ing new build proper ties), is help­ing to en­sur­ing the long-term health of the hous­ing mar­ket by in­creas­ing hous­ing sup­ply and stim­u­lat­ing home build­ing.

Home Builders Fed­er­a­tion

be­lieves Help to Buy has helped tens of thou­sands of peo­ple onto the hous­ing lad­der who oth­er­wise would have strug­gled to meet their am­bi­tion of home own­er­ship.

He said: “First-time buy­ers in par tic­u­lar are tak­ing ad­van­tage and the scheme is help­ing peo­ple in ever y par t of the countr y. The re­sul­tant rise in de­mand is al­low­ing builders to in­crease much needed house build­ing lev­els. This is turn is cre­at­ing tens of thou­sands of jobs and boost­ing lo­cal economies.”

who wish to sell prop­erty in Hayes are in a good po­si­tion to take ad­van­tage of the buoy­ant prop­erty mar­ket, ac­cord­ing to haart es­tate agents.

Jas Sa­goo, branch part­ner at haart’s Hayes branch in Uxbridge Road, said: “Prop­er­ties are very rea­son­ably priced com­pared to the sur­round­ing area, con­sid­er­ing the ac­ces­si­bil­ity to Heathrow and Lon­don via the M4, M40 and A40 and we are see­ing big de­mand for three-bed­room semide­tached homes.”

The big­gest change in the mar­ket oc­curred with the an­nounce­ment that Hayes will have a Cross­rail sta­tion in the town.

Jas said: “There’s a lot of re­de­vel­op­ment in the town and as Lon­don ex­pands we are at­tract­ing a new breed of city work­ers who are happy to com­mute to the cap­i­tal and are look­ing for one or two bed flats lo­cated close to the sta­tion.”

For those who do not want to take the plunge and buy their own prop­erty, Jas says they are catered for, too, as there is a large buy-to-let mar­ket in the town.

Lat­est fig­ures from haart’s prop­erty in­dex show de­mand in Hayes is high with nine peo­ple reg­is­tered with haart’s Uxbridge Road branch for ev­ery prop­erty on the books and an in­crease of 9.60% in new ap­pli­cants over the last quar­ter.

With this, the av­er­age price of prop­erty sold through the branch has in­creased by 1.46% to £265,367 with ter­raced prop­er­ties see­ing an in­crease of 7.49% over the last quar­ter.

As well as the buoy­ant prop­erty mar­ket, those who wish to buy, sell, let or rent prop­erty in the Hayes area can now take ad­van­tage of a brand new prop­erty por­tal, through their lo­cal haart branch.

On­TheMar­ket.com was launched ear­lier this year to give es­tate agents na­tion­wide a new out­let to pro­mote prop­er­ties on their books.

Jas added: “We are thrilled by the launch of On­TheMar­ket.com. It is a re­ally ex­cit­ing time for our clients as the por­tal is de­signed for their ben­e­fit and will en­able them to have fan­tas­tic ex­po­sure for their prop­er­ties.”

The lay­out of the new Branch part­ner Jas Sa­goo (cen­tre) with his col­leagues at haart’s Hayes branch in Uxbridge Road. On­TheMar­ket.com por­tal, which is owned and con­trolled by a num­ber of es­tate agents across the coun­try, means that homes are pre­sented in the most at­trac­tive way pos­si­ble, fo­cus­ing solely on the prop­er­ties for sale or let, with­out any dis­trac­tions from ad­verts, trends, statis­tics or val­u­a­tions.

For fur­ther in­for­ma­tion abo list­ing your prop­erty with haar and On­TheMar­ket.com or find­ing your per­fect home plea call 0845 899 9999 from 8am 10pm – or visit your lo­cal bra

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.