Hope for first time buyers in Norwich

Bryant Homes is giving first-time buyers in East Anglia a great opportunity to step onto the property ladder with the unveiling of new homes from only £74,995 at The Rise development in Norwich.

The leading housebuilder believes the attractive asking prices, combined with low mortgage rates, could bring an end to property-buying misery for the region's first-time buyers – who were identified in a recent report as being pessimistic about ever getting a foothold in the housing market.

One-bedroom apartments at The Rise, for example, feature a large reception room with semi-open plan kitchen, a well-proportioned bedroom and a separate bathroom, and are available from only £74,995.

Bryant has also released a choice of two-bedroom apartment designs priced from £99,995, with selected homes featuring an en-suite bathroom to the main bedroom.

Situated within attractive, low-rise blocks, the apartments benefit from allocated parking and secure cycle stores, while like all new homes at the development, they enjoy a high standard specification including gas central heating, double glazing and a fitted kitchen with built-in oven, hob and hood.

Although ideal first homes for young buyers, the homes are also attracting property investors interested in the growing rental market and those prepared to wait for house prices to rise again.

Stacy Dornan, Sales Manager for Bryant Homes East Anglia, says: “First-time buyers in Norwich have no reason to be pessimistic.

“There are still great mortgage deals to be found, and as an added incentive we have priced our new apartments as competitively as we can.

“Many local estate agents are reporting a shortage of property for first-time buyers in the area and the availability of this new home definitely helps to solve that issue.

“We are certainly not suggesting that conditions are easy for first-time buyers, but for those who can get together a reasonable deposit – possibly from parents looking at property investment as an alternative to low-interest savings accounts – there are opportunities to own that coveted first home.

“A fifth of mortgage national applications during the first four months of 2009 came from first time buyers – an increase of 350% compared to the final four months of 2008 – so there is definitely room for hope.”

In addition to taking advantage of today’s property prices to get on or move up the housing ladder for less, customers choosing a home at The Rise can benefit from a range of money-saving incentives from Bryant Homes, including 5% deposit paid for first-time buyers, and the leading housebuilder’s Marketmover scheme, which can help current home-owners find a buyer for their existing property.

Situated to the north of the City of Norwich, The Rise offers an abundance of shopping, pubs, bars, restaurants and leisure pursuits. Closer still, local shops and amenities are available in Silver Road, next to the development.

The Rise Marketing Suite is located off Crome Road, Norwich and open on Monday from 1pm to 5pm and Thursday to Sunday from 10am to 5pm.

For more information visit Bryant.co.uk.