Buoyant market in Hayes is good news for vendors
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