Buyers have become more confident and it is the right time to make new offers, housing association NHH finds.
The latest research from Halifax shows more than half of consumers consider 2015 will be a better time to buy than sell a home, Notting Hill Housing, one of the biggest sector associations in London, says.
NHH is planning to release more than 170 new properties at brand new developments or as part of the next phase of a current scheme in London during 2015. Over 100 of them will be shared ownership homes.
NHH’s commercial arm, Notting Hill Home Ownership, will make new housing available to buyers in Hammersmith, Enfield, Clapham North, Camberwell and Wandsworth.
Katie Bond, director of Notting Hill Home Ownership, comments: “Based on the autumn statement earlier this year, the stamp duty reform will improve affordability on the open market and result in a noticeable boost for first time buyers. With a returning confidence amongst consumers, now is certainly a promising time for people to buy. As a leading London housing association, we endeavour to help people to get onto the property ladder by offering an extensive range of new homes on the market for 2015 via a more accessible route.”
The NHHO has released prices for the properties in Camberwell, while all other prices have not been set yet. The average price for a shared ownership property will start from £146,000 for a 40 per cent share of a full market value of £365,000. Private sale homes in the community of Camberwell Fields will start from £355,000.
