Tuesday, 2 June 2015

Election not affecting home buyers' interest

The general election doesn't appear to be deterring house buyers, despite the related uncertainty which naturally surrounds this time. The election "has not impacted customer confidence" in the market, according to a recent trading statement from housebuilders Taylor Wimpey.
The UK housing market has continued to grow during the first quarter of 2015, with demand for new homes remaining high even with the forthcoming general election occupying the news constantly.
Taylor Wimpey's order book has increased to 1.9bn currently, increasing by 0.2bn from December 2014. The average selling price of new homes has also increased to £282,000 from £249,000.
Chief executive Peter Redfern commented "During the first four months of 2015 we have seen the UK housing market continue to grow, with increasingly competitive mortgages and secure employment prospects underpinning homebuyers' confidence."
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