Four or more is what buy­ers want

Yorkshire Post - Property - - FRONT PAGE -

HOUSE­BUILDERS and de­vel­op­ers ex­pect a small rise in con­struc­tion this year, but the con­tin­ued lack of mort­gage fi­nance in the UK and the euro­zone re­mains a key risk for the sec­tor, ac­cord­ing to Knight Frank’s lat­est sur­vey of the sec­tor.

The sur­vey shows that nearly a third of house­builders ex­pect bank fund­ing to fall fur­ther this year, while more than four-fifths say that the New Homes Bonus in­tro­duced by the Gov­ern­ment to try and boost plan­ning ap­provals is mak­ing lit­tle or no dif­fer­ence.

On the de­vel­op­ment side, there was a not­i­ca­ble rise in de­mand for larger fam­ily homes with four or more bed­rooms. This re­flects de­mand com­ing from the eq­uity rich who are not re­liant on large mort­gages.

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