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Appeal of new-builds increased during the pandemic, research finds

Appeal of new-builds increased during the pandemic, research finds

The new-build housing market is booming. From Covid secure homes to Help-to-Buy schemes to stamp duty holiday - multiple things contributed towards raising the appeal of new-build homes during the pandemic.

As the property market continues to flourish, a recent study has revealed that the appeal and the subsequent demand for new-builds is here to stay.

An independent survey commissioned by the investment firm FJP Investment found that over a quarter of homeowners (26%) are more likely to consider purchasing a new-build property compared to before the pandemic.

The survey revealed that 50% would be willing to buy a new-build for their next home, with the figure jumping to 65% among those aged 18-34.
Most new-builds offer contemporary designs with new and energy-efficient appliances, suiting the needs of modern families

Nearly two fifths (39%) of homebuyers viewed new-build developments as part of the search for the last property they bought, with almost a quarter (24%) of them saying they would consider investing in a new-build property but not living there.

Almost three quarters (74%) said they are attracted to the greater energy efficiency of new homes. Over two thirds (68%) consider the modern facilities and furnishings to be another appealing factor, while 45% said that a big selling point is that new-builds are free from the complications that come with a property that has had previous owners.

Retrieved from:https://www.mirror.co.uk/money/appeal-new-builds-increased-during-26320665 (24, Feb 2022)

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