De­vel­op­ers dig deep to beat Lon­don

The Jewish Chronicle - - CLASSIFIED -

NEW HOMES stocks are up by a quar­ter. Of­fi­cial fig­ures show t hat newly bui l t prop­er­ties rose by 25 per cent year on year in 2014-15 — the big­gest in­crease that there has been in 28 years. As long ago as 2007, the gov­ern­ment was feel­ing the pres­sure of an im­pend­ing hous­ing cri­sis and it re­acted by an­nounc­ing that 4 mil­lion new homes would be built by 2020. Suc­ces­sive gov­ern­ments have pushed through changes to plan­ning laws, as well as buyer in­cen­tives such as Help To Buy, aimed at im­prov­ing the sit­u­a­tion.

Af­ter years of real es­tate projects be­ing moth­balled due to the eco­nomic slump, some 170,690 homes were added to the coun­try’s hous­ing stock, once de­mo­li­tions had been taken into ac­count, ac­cord­ing to fig­ures from the Depart­ment for Com­mu­ni­ties and Lo­cal Gov­ern­ment. Of th­ese homes, 155,080 were new-build prop­er­ties — and the trend looks set to con­tinue.

This au­tumn bears fruit for property de­vel­op­ers who have laboured through the sum­mer, as they pre­side over the launch of some big schemes across north Lon­don and south Hert­ford­shire. First there was Bar­net, then New Bar­net, now Meyer Homes is launch­ing New­est Bar­net, with 31 apart­ments and houses in Vic­to­ria Road. The Sam­broke Apart­ments con­sist of 12 two-bed­room units and a pair of three-bed­room pen­t­houses, while the Gar­den Apart­ments is a trio of two-bed­room flats in their own block. There are four three-bed­room “mews” houses and four- and two-bed­room vil­las.

Also in New Bar­net, Twen­ty­One is a new scheme of 48 apart­ments with a choice of one or two bed­rooms. Built by Quinata Property Group, the apart­ments start from £260,000 for one bed­room and £345,000 f or two bed­rooms, through new homes spe­cial­ist Pre­ston Ben­nett.

Oak­well Grange has three-, four- and five-bed­room houses, close to Tot­teridge a n d W h e t s t o n e un­der­ground sta­tion. And bear in mind that you do not sim­ply build new property, sell it and walk away th­ese days — Oak­well comes with a £2 mil- lion in­vest­ment in lo­cal ed­u­ca­tion, health, sport and recre­ation. De­vel­oper David Wil­son Homes is spend­ing £662,560 on ed­u­ca­tion and £450,000 on sports fa­cil­i­ties in the area, in­clud­ing build­ings for cricket and foot­ball.

Fur­ther into the Hert­ford­shire coun­try­side, Comer Homes has been re­de­vel­op­ing a se­ries of grand 19th cent u r y b u i l d - ings at Royal Con­naught P a r k i n Bushey Heath. But now the first newly built homes are go­ing up. Eton House will of f e r 12 new two-bed­room

Mayor of Bar­net Cllr Mark Shooter and David Wil­son Homes’s

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