Amid heightened political and economic uncertainty, it’s little surprise that recent housing market reports reveal a subdued picture. The North West, however, appears to be bucking the national trend, according to national housebuilder, Bloor Homes.
James Clark, Sales Director at Bloor Homes North West, commented: “Brexit uncertainty and the forthcoming UK election has inevitably caused a slowdown in the UK housing market.
“Whilst the latest UK Residential Market Survey report has shown a fall in the sale of new homes, we’re seeing quite the opposite. Here in the North West, we’re seeing double digit sales every week at our nine new housing developments across Standish, Wistaston, Crewe, Appleton Thorn, Congleton, Warrington, Sandymoor, Lowton and Holmes Chapel.
“Whilst buyers remain cautious, the housing market in the North West remains buoyant and we are seeing strong demand for new homes from a variety of buyers, including first-time buyers, as well as couples, families and those looking to downsize.
“Many of our buyers are taking advantage of the Government’s Help to Buy scheme to assist with their purchase. The scheme is currently available to both first-time buyers and existing homeowners, although this ends for existing homeowners from April 2021.
“Whilst many of our buyers are using Help to Buy to help them take that first step onto the property ladder, we are also seeing families use the scheme to move into larger properties that better meet the needs of their growing families, as well as buyers who are relocating to a new area.
“Interest rates are at an all-time low and there are some very competitive mortgage rates out there and it certainly seems like buyers here in the North West are taking advantage.
“And with Great Manchester having the fastest growing economy in the country, our locations provide excellent value for money for home-owner commuters.”
For more information on Bloor Homes’ new housing developments in the North West, please visit www.bloorhomes.com
