CD Hood's Building News


Sep 07
2017

British buyers prefer traditional homes to new builds

Posted by: CarlHood

Commercial Cambridgeshire builders CD Hood Ltd are happy to work on new builds or more traditional homes. But some recent research from bridging specialist MFS suggests that while more new homes are being built in the UK, many still want older, traditional properties even if they need renovation.



From years of successfully delivering renovations or extensions to traditional properties in Cambridgeshire CDHood Ltd know that many feel that new built properties can lack character and in some cases are not as well built as they could be. The research found that 81% of people asked were unenthused by the prospect of living in a new house and 79% think that the Government should focus more on supporting the refurbishment of run down properties to meet housing demand.

The survey also showed that 60% thought that there are too many poorly built, unattractive new builds. 41% said new properties lack character, some 23% would only consider buying a new home as a buy to let investment, and would not be happy to live in one themselves.

 ‘The research sends a strong message to both those involved in property development and the Government. Despite the distinct need for a greater national supply of housing, the public appetite is evidently stronger for refurbished traditional properties over new builds,’ said Paresh Raja, MFS chief executive officer. ‘The UK’s current housing strategy is heavily predicated on new builds, much to the frustration of buyers across the market. Clearly more needs to be done to support aspiring property buyers by doing more to encourage the refurbishment projects that are essential to satisfy widespread demand,’ he added.

http://www.propertywire.com/news/uk/survey-suggests-many-british-buyers-prefer-traditional-homes-new-builds/

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