De­vel­op­ers re­vive flag­ging mar­ket

Yorkshire Post - Property - - PROPERTY -

DE­VEL­OP­ERS are snap­ping up moth­balled prop­er­ties, as econ­o­mists pre­dict more sta­bil­ity in house prices over the next few years.

A num­ber of prop­erty schemes were moth­balled fol­low­ing the prop­erty slump and are now be­ing bought as fund­ing and grants be­come avail­able.

De­vel­op­ers are gain­ing con­fi­dence in the mar­ket and re­viv­ing dor­mant schemes as rent prices hit an all time high, ac­cord­ing to Bridg­ing Fi­nance Ltd.

Chris Bag­u­ley, man­ag­ing di­rec­tor of Bridg­ing Fi­nance, said: “We’re see­ing in­creas­ing num­bers of dor­mant prop­erty de­vel­op­ment schemes be­ing re­vived.

“The prop­erty mar­ket is start­ing to pick up again.”

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