Credit crunch - what credit crunch? Midlands development bucks the trend - October 10th
The property market has never been so newsworthy. Not a day goes past without some mention of the impact the credit crunch is having on house prices. But far from being doom and gloom, now is in fact an excellent time to purchase a brand new home.
After several years of phenomenal growth, house prices in the UK have hit the rocks recently, with the majority of areas registering monthly falls for most of this year. But the picture isn't bleak for all areas, or indeed all consumers in the UK. After all, if you are a buyer with a large enough deposit and are able to secure a mortgage, you could take advantage of slightly lower prices, depending on the area in which you want to buy.
The good news for Midlands buyers is that according to Peveril Homes, there is little sign of the credit crunch hitting buyers at its Kimbrell Lawns development in Hinckley - where almost all the new homes are now sold.
Comments Angela Thomas, sales and marketing manager at Peveril Homes: "We're in a price-led market and as such we have made sure our range of three-bedroom homes at Kimbrell Lawns are all on at the right price to create interest. Yes we've had to cut our cloth accordingly but our assortment of genuine and flexible incentives seem to have reassured buyers as well as to help them to get moving.
"We're delighted at the rate these homes have sold - especially given the current economic climate. Our sales record is testament to the quality and affordability of the new homes, which sets them apart from others in the area."
With the number of new homes coming onto the market nearly halving in the last six months (down from 3,566 new homes in March 2008 to 1,661 in August 2008), experts are predicting consumer demand will ultimately fuel a return to house price growth over the longer term and so now really is a great time to be buying.
Concludes Angela Thomas: "The word is getting out that there are some great bargains to be had and Kimbrell Lawns continues to fly the flag for new homes success in the Midlands. With plenty of great deals and a wide choice of property around, if you are a potential buyer, grab this opportunity now while you still can."
The new homes at Kimbrell Lawns are ideal for a range of buyers, including friends buying together - with good bedroom sizes, en-suite facilities and spacious kitchens and living areas.
Prices start from just £169,950. Prospective purchasers on the look for the easiest route to moving home can speak to Lynda Prentice, Peveril Homes' sales consultant at Kimbrell Lawns about the number of flexible incentives available which can be tailored to suite their needs.
For more information visit the sales office open from 11am to 5pm, Friday to Monday or contact Peveril Homes on 01455 230511.
Contact:
(01773) 880550
