The property market in 2016 - what do you think will happen for Developers?Written by homebuy1
Property Market in 2016 - What do you think will happen that will help Developers?
The property market in 2016
Investors and Homeowners that have a second property are being targeted by the revenue.
Increase in Stamp Duty on buy to let property.
Does that mean that buy to let property demand will drop?
Developers that want to sell off plan property will be focusing on their new build off plan pricing - targeting First Time Buyers and Investors. Selling property at price points that have minimal impact on their potential buyers savings. The appetite for First Time Buyer price point New Build will increase. Simply put New Build developers will build property where there is demand which is price sensitive. The stamp duty changes will have minimal impact.
Off Plan Property Sales
The off plan selling agents will do very well. They can lock out units on the basis of introducing high net worth savvy buyer as property offers some great yielding opportunities.
Conveyancers In Short Supply
Now is the time for off plan agents to be sensitive about what they can do to protect their developers. Developers want certainty and in the current market place developers want an exchange within 28 days. We have access to legal packs that stop gazumping and developers can look forward to a rapid exchange.
The Homebuyer Conveyancing panel can be placed on a developer website using our intuitive software. This now means that Developers know when a property has been instructed, when a property is actively progressing and importantly when exchange is planned for.
If you are a Developer then please enquire on www.whyt.co.uk about using the Homebuyer panel and software
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