Research shows that the appeal of new constructions increases during the pandemic

A new independent survey of UK homeowners and homebuyers shows buyers are more inclined to buy a new building than they were before the pandemic.

The new construction market has experienced record levels of demand over the past year
The new construction market has experienced record levels of demand over the past year

The new-build housing market is booming. From Covid safe homes to Help to Buy programs to holiday stamps – many things have increased the appeal of new homes built during the pandemic.

As the real estate market continues to flourish, a recent study has shown that the appeal and subsequent demand for new buildings remains here.

An independent survey commissioned by an investment company Invest in FJP found that more than a quarter of homeowners (26%) are more likely to consider buying a newly built property than they were before the pandemic.

The survey found that 50% would be willing to buy a newly built home for their next home, with that number rising to 65% among 18-34 year olds.







Most of the new buildings have a modern design with new and energy efficient appliances to suit the needs of modern families.
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Image:

Getty Images / iStockphoto)

Nearly two-fifths (39%) of homebuyers see newly built buildings as part of their final property search, with nearly a quarter (24%) of them saying they would consider Consider investing in a newly built but non-residential property. over there.

Nearly three-quarters (74%) said they were attracted by the higher energy efficiency of new homes. More than two-thirds (68%) consider modern facilities and furnishings as another attractive factor, while 45% consider the major attraction to be new constructions without the inherent complexity. with previously owned real estate.

However, the investment firm’s research also points to some noticeable downsides to new constructions. A majority (64%) of UK homebuyers think they are overvalued, while 43% feel they are generally unattractive.

Jamie Johnson, Managing Director of FJP Investment, said: “The UK property market has been strong over the past 18 months and our research clearly shows that many people are now considering properties. new way to invest in their next home or real estate.”

“The higher energy efficiency and convenience offered by modern developments are key factors in favor of new constructions.”

“The government has made it clear its desire to build beautiful houses. It must support those claims by investing in infrastructure and supporting construction to ensure the high standards of new construction projects. ”

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https://www.mirror.co.uk/money/appeal-new-builds-increased-during-26320665 Research shows that the appeal of new constructions increases during the pandemic

Fry Electronics Team

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