Good outlook for Worcester property investments
Top accountants have forecasted an improving outlook for property investments – making now a great time to buy at Taylor Wimpey’s Diglis Water development of new homes in Worcester.
With house prices predicted to rise next year by accountancy firm Ernst & Young, it’s an ideal time to step onto the property ladder at Taylor Wimpey’s Diglis Water development in Worcester.
Ernst & Young’s Item Club autumn forecast outlines an improving outlook for consumers and easing credit conditions paving the way for a housing market recovery – with property transactions expected to pick up in the spring and house prices set to follow.
The report anticipates the housing market revival will boost the UK economy, helping GDP grow by a predicted 1.2% next year and 2.4% in 2014 and 2015.
With record-low interest rates keeping the cost of mortgage repayments down, home-hunters are advised that the time is right to invest in a new property in Worcester at Diglis Water before prices rise in the spring.
However, they’re advised to hurry, as Taylor Wimpey Midlands has already sold 30% of its properties across the region for 2013!
Anne Wallace, Regional Sales and Marketing Director for Taylor Wimpey, says: “Savvy buyers who act quickly can benefit twice – by securing a great price on their new home in Worcester before prices rise and also taking advantage of the fantastic mortgage deals which are out there at the moment.
“That’s why now is exactly the right time for Worcester property-seekers to make their move and secure their dream home at Diglis Water while conditions are so favourable.
“Whatever their circumstances, whether they are first-time buyers or have a property to sell, we can offer buyers a package of incentives to help them move, tailored to their individual requirements.”
One-bedroom apartments are currently on sale at Diglis Water from as little as £119,995, two-bedroom homes from just £149,995 and three-bedroom houses from only £174,995. Magnificent two and three-bedroom penthouses are also available from £299,995.
Selected plots at the development are currently available with the fantastic FirstBuy scheme, which lets qualifying first-time buyers secure their new home for just 80% of its full purchase price – that’s a 75% mortgage and a 5% deposit, subject to status.
FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which is repayable at the end of the 25-year mortgage term or when the property is sold. To be eligible, purchasers must be first-time buyers and their total household earnings should be less than £60,000.
Many of the apartments at Diglis Water include balconies to take full advantage of the unrivalled views across the Worcestershire countryside, while others boast floor-to-ceiling windows, allowing natural light to flood into these attractive homes.
Situated in central Worcester on the banks of the River Severn, the development is close to both city-centre conveniences and rolling countryside, while the Midlands motorway network is within easy reach for travel throughout the country and for links to Birmingham International Airport.
Worcester’s origins can be traced back over 2,000 years, but today it is a thriving and modern place that boasts all the conveniences of 21st century living with a diverse selection of chain stores and boutiques. Several well-regarded schools for children of all ages are located nearby, including Cherry Orchard Primary School, King’s St Albans, King’s Worcester and Worcester College of Technology.
Diglis Water lies just a short distance from junction 7 of the M5 for quick links to the M4, M6 and M45, while the new homes are less than 1.5 miles from Worcester’s two railway stations for services to Birmingham, London, Oxford and Bristol.
To find out more about why it’s a great time to invest in a new home at Diglis Water, property-seekers should visit the Sales Centre, located off Diglis Dock Road, Worcester, WR5 3BS, and open seven days a week from 10am to 5pm. Alternatively, see taylorwimpey.co.uk/midlands.
