Why now is the time to buy in Gloucester

With a report detailing that the combination of steady house prices and the rising cost of renting, it’s once again cheaper to buy a property, which will come as welcome news for first time buyers in Gloucester as houses at the Persimmon Vale development are priced extremely competitively to allow young purchasers to buy their first home with relative financial ease.

“With interest rates continuing to remain low, monthly mortgage repayments are reported to be 10.5 per cent less than rental figures,” states Alison Reading, sales director for Persimmon Homes South Midlands. She adds: “This is being reflected in Gloucester as we’re seeing a great number of new visitors to our Persimmon Vale development, all looking to take their first step onto the property ladder instead of being caught out in the rental market.”

Persimmon hosts a beautiful selection of three bedroom properties in a range of differing styles, and selected plots are still eligible for the Government-led HomeBuy Direct scheme.

Alison continues: “We are one of just a handful of developers in the area still to offer the extremely successful 70 per cent shared equity HomeBuy Direct scheme, meaning homebuyers can purchase one of our beautiful two bedroom properties from just £135,097.”

Persimmon Vale is located conveniently just three miles from the centre of Gloucester and in close proximity to the M5 for excellent commuter links. As part of the exciting new Kingsway development, the homes will benefit from being part of an entire new community which includes a school, shops, health and sports facilities and copious amounts of play areas and parklands for residents to enjoy.

If you would like further information, please contact the marketing suite, which is open Monday from 11am to 5pm and Tuesday through to Sunday from 10am to 5pm.