The North East is hot property
The North East housing market is looking stronger than ever, according to national homebuilder Taylor Wimpey.
With around 16 active home schemes in the region, the developer describes how it is perfectly positioned to witness changes and fluctuations in the market; and 2014 has been a rousing success.
Considerable developments are now as far forward sold as June 2015, and Taylor Wimpey has continually found itself in a position to release new plots earlier than planned to meet with increasing demand.
Karl Morton, sales and marketing director for Taylor Wimpey North East explains: “Since the introduction of Help to Buy in early 2013, there has been a distinct rise in confidence for home-buyers.
“Suddenly, aspiring home-owners no longer felt they would be saving for years, or would have to break the bank for a deposit in order to get a foot on the ladder; and this is reflective in our sales.”
The government-backed Help to Buy initiative offers eligible purchasers the option of securing any new home worth up to the value of £600k with just a five per cent deposit; while also benefitting from a 20 per cent equity loan.
Karl continues: “The great thing about Help to Buy is that it isn’t just first-time buyers who are reaping the benefits of the scheme, but second and third-time home-owners have been able to think bigger!
“We have housing schemes all over the North East, with more in the pipeline to meet this rising demand – so it’s an exciting time for buyers; but also the housing market.”
Taylor Wimpey North East has developments across County Durham, Newcastle, Northumberland and Tyne and Wear.
Karl concludes: “Anybody interested in finding out more should visit our website or the sales office at each of our developments; where the team can demonstrate how Help to Buy could help you.”