Many people prefer brand new homes, but beware the many “snags” of buying off-plan, warns Peter Davy.
For an increasing number of people, second-hand homes are no longer the way to go. Buyers are instead opting for a house in a brand new development.
More than 185,000 houses were built last year – the highest number since the late 1980s – with the UK’s largest builder, Persimmon, racking up 16,701 completions alone. And the government wants more – 200,000 new houses a year in England by 2016, according to its response to Kate Barker’s 2004 report on housing supply..