The new homes division of estate agency network Sequence says it saw a “significant upturn” in new homes sales in 2011.
The number of new-build properties it sold last year was up 31 per cent compared to 2010, despite marketing an almost identical number of new homes in 2011 as it did the previous year.
The company says it has also started the year with “considerably stronger sales prospects for the year ahead”. Its pipeline of expected sales at the beginning of the year is 36 per cent higher than it was in January 2011.
Ian Bovingdon, regional new homes partner for Sequence said: “New homes continue to be popular with home buyers for many reasons including the incentives offered by developers and Government schemes. It’s clear from our figures last year that pent up demand from buyers is now translating into greater numbers of purchases, fuelled by the aforementioned incentives and improvements in the mortgage market.”
“There is certainly a greater appetite from developers to buy land and revive mothballed sites in response to the Government’s housing strategy announcements and increased interest from buyers,” he added.