Chief economist says house prices still higher than 5 years ago

According to Nationwide’s Chief Economist Fionnuala Earley, “Prices are still 11% higher than two years ago and 47% higher than five years ago” highlighting that it’s not all doom and gloom in the property market. The property market is very different today but what is clear is that purchasers are being more particular about their needs and are keen to buy only the best homes and in the best locations.

This comes as no surprise to Millwood Designer Homes who has built its award-winning reputation as a housebuilder of superior quality and prides itself on securing superior locations. Moreover, Millwood is achieving impressive levels of sales success at a host of its developments, including Coppice Mews in Tunbridge Wells and Hurstfield in Ticehurst.

John Pilcher from appointed selling agent Wood and Pilcher comments: “The market is more challenging today, but if you are buying a home with the intention of staying for 3-5 years, then prices are still higher than they were 18 months ago. The speculation in dropping house prices is just that – speculation and the state of the market is nowhere near as bad as the media have indicated. What we do know is that the best capital appreciation will be seen on only the best possible homes and in the best possible locations, which is something that Millwood Designer Homes offers.”

With summer now on the horizon, thoughts turn to entertaining outdoors and the Show Home at Coppice Mews is the perfect illustration. Bi-fold doors lead out to the stunning terrace on the first floor and are also a feature of the ground floor, enabling you to really bring the outside in and enjoy some al-fresco entertaining. You can be inspired by the stylish landscaped garden and have the chance to benefit from your own garden consultant* to design and create your own scheme, when you reserve your home at either Coppice Mews, or Hurstfield during April and May.

If you needed further inspiration, purchasers who reserve at Millwood’s open weekend on Saturday 26th and Sunday 27th April could receive free tickets to the Chelsea Flower Show.*

Despite the difficult market conditions there are still sales to be done with just 2, four bedroom homes available at Millwood’s Hurstfield development.
While at Coppice Mews, Millwood’s first Carbon Neutral development, one apartment has sold and one townhouse is reserved from the collection of just 6, one and two bedroom apartments and 4, three bedroom townhouses.

It takes on average 8.5 weeks to sell a home but if you want to move to Hurstfield, or Coppice Mews, Millwood can make it happen with Part Exchange.* Under the scheme Millwood becomes your guaranteed buyer and there are no estate agents fees to pay, or HIP packs to arrange and pay for. All in all making your move to a Millwood home quick and simple.

As with all Millwood homes, Hurstfield and Coppice Mews boast an impeccable specification, including designer kitchens with a host of integrated appliances and indulgent bathroom suites. The superior quality of the homes is only matched by the fantastic locations.

Both Wadhurst and Stonegate railway stations are easily accessible from Hurstfield and offer services to Royal Tunbridge Wells in less than 10 minutes and Cannon Street and London Charing Cross, in approximately 60 minutes.

Coppice Mews is close to the numerous shops and restaurants that Royal Tunbridge Wells has to offer. It also has excellent links to London with direct rail services taking just under one hour. Moreover, both Hurstfield and Coppice Mews are within easy access to the A21, which leads to the M25 and the wider motorway network.

The homes at Hurstfield are priced from £350,000 but hurry as there are just two homes available. A one bedroom apartment at Coppice Mews is priced at £240,000, while the homes are priced from £499,950.

For more information, visit mdh.uk.com.

*Subject to scheme rules and on selected homes only. Limited availability on free tickets to Chelsea Flower Show.