Demand outstrips supply in South East property market
Shortage of high quality apartments and houses for sale in Kent fuels high levels of interest in Taylor Wimpey developments in the region.
Demand for high-quality brand new homes is outstripping local supply, with Kent property-hunters who have been holding fire on a house move deciding that the time to buy has arrived.
Taylor Wimpey South East is experiencing exceptional levels of interest in its stunning developments of property for sale in Kent – and a closer inspection of the regional figures reveals the reason why.
According to the Nationwide House Price Index, the Outer Metropolitan region, which includes Central and West Kent, has seen the UK’s strongest property market growth on an annual basis, reflected by average prices for new homes in Kent increasing 2.7% in the first quarter of this year on the same period in 2010.
Meanwhile, the Land Registry’s figures reveal consistent growth in the price of properties to buy in Kent year-on-year between February 2010 and 2011.
Jason Stokes, Regional Sales and Marketing Director for Taylor Wimpey South East, says: “There’s no doubt that there’s a mixed picture across the UK, with steady growth in this region canny buyers are deciding that now is the time to get moving, and demand is outstripping the rate at which we can build our new houses and apartments in Kent!
“Fortunately, we are able to offer a wide choice of properties at our popular developments off-plan.
“For the lucky purchasers, this means that the prices of their new homes are fixed now, so they can take advantage of today’s prices before they rise further.”
What’s more, Taylor Wimpey’s wide range of practical and financial assistance schemes, which can be tailored to suit buyers’ individual circumstances, help remove all the obstacles in the way of moving to a dream home.
First-time buyers, for example, can take advantage of easystart, which enables qualifying purchasers to own 100% of their home now for only 85% of the full price, with a deposit of as little as 5%. Alternatively, Deposit Match enables buyers to double their deposit, up to 10% of the purchase price, in order to secure a smaller mortgage and more competitive mortgage interest rate.
Those with a home to sell can benefit from easymover, which allows them to save on moving costs and sit back and relax while Taylor Wimpey finds a buyer for their existing property while Part Exchange removes the hassle of the property chain altogether.
Meanwhile, home-hunters who choose to buy now can also take advantage of record low interest rates and, by selecting a fixed rate mortgage deal, they can enjoy the financial security of set monthly repayments.
Unlike those buying an older property, they will also enjoy the savings that come with an energy-efficient low-maintenance brand new home, plus the peace of mind of Taylor Wimpey’s two-year guarantee and a 10-year warranty from the National House-Building Council (NHBC).
The Nationwide figures also provide a timely reminder that property remains a good investment in the long term – house prices have risen by 75% in Central Kent, and by 70% in West Kent, over the last 10 years.
