New-Build Homes are the Barometer of Recovery says Mullucks Wells
20th May
The increase in the number of newly built and converted homes in the region should be seen as an indication of how the region is coping during the recession, claims Mullucks Wells.
The number of new homes listed by the estate agent has quadrupled compared to this time last year, with the launches of five sites in Great Dunmow, Takeley, Saffron Walden, Wendens Ambo, and Bishop’s Stortford all happening within a few weeks of each other. Prices will range across the board from £175,000 to £1.5m.
Daniel Galati, Director of the company’s Land and New Homes Division said: “This is a sea change from the situation just 12 months ago. To have four times as much stock on our books is a sign that at long last builders are building again. I believe New Homes will not only be the barometer to judge how this part of the country is coming out of recession – they could be the engine driving the recovery too.”
Mullucks Wells’ Land and New Homes Division was established specifically to cater for the New Homes market, overseeing all aspects of new, converted or refurbished properties in the area. It has negotiated most of the land deals in the region in recent years, and specialises in introducing land and property owners to potential developers.
Daniel Galati added: “The level of second hand stock is necessarily dependent on the number of people that choose to sell at any one time. But these new homes are guaranteed opportunities for people to find somewhere new to live. What’s more, they’ve been built by the quality builders that survived the recession by managing their business and finances properly.
“By the end of the summer we will have over 70 new houses available, in places such as Clavering, Sawbridgeworth, Spellbrook, Little Hadham, Stanstead Abbotts, Stansted Mountfitchet and Harlow – all starting to satisfy a demand for new housing which is quite clearly out there.”
