Three-fold increase in housing demand

Published:  11 March, 2010

SOUTH WEST: Connells Land and New Homes in South West England reported a three-fold increase in demand for new properties at the beginning of 2010 when compared to the same period last year.

The figures, which indicate that buyers are returning to the market, suggest there is a significant appetite to buy new homes this year and should prompt developers, especially in the South West of the country, to revive mothballed projects and begin construction on developments as soon as possible.

“We are seeing a lot of activity in the new homes market in the South West region, especially as mortgage finance becomes more available and consumer confidence increases,” says Jeremy Setter, new homes manager, Connells. “Our figures seem to tally with those of large house builders like Barratt Homes and Persimmon which have also reported greater interest in developments since the start of the year.”

The growing desire for new homes means developers which continued building over the last 18 months are now well placed to take advantage of the improving market straight away. “Motivated buyers are looking to buy now and we believe this demand will remain throughout this year,” continues Setter. “It is fantastic news for house builders with mothballed sites or those with planning permission on land as now is the ideal time to start building again.”

Although there has been mixed reports about what will happen in the house building industry in 2010, the Connells Land and New Homes team believe that we will see a period of sustained growth over the coming months.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.