12
Mar
Owner-occupiers 'causing rise in demand for new-build properties in
London'
The rise in demand for new-build properties in the capital has been
led by owner-occupiers, it has been claimed.
According to David Bexon, managing director of SmartNewHomes.com,
such consumers are increasingly keen to take advantage of the
offers available on the market - potentially including flats for sale in London.
He stated: "The new-build sector has been consistently undervalued
... and buyers are now increasingly eager to take advantage of the
many good deals on offer from developers."
His comments come in the wake of figures released by Knight Frank,
which revealed that sales of newly constructed residences in the
city went up by 214 per cent over the course of the last
year.
This was higher than the rest of market, which recorded a rise of
68 per cent over the 12-month period.
Liam Bailey, head of residential research at Knight Frank, said
that one of the most significant changes in the market has been the
shift from investment buyers to owner-occupiers.
