David Bexon, Managing Director of smartnewhomes.com, comments on the Monetary Policy Committee’s (MPC) decision to hold interest rates at 0.5%:
“Today’s decision will support the many homebuyers who are now starting to re-enter the market, following increasing reports of rising house prices and signs of recovery.
“Demand for new homes has been improving since the start of the year but restricted lending has remained a barrier. However, as people sense the tide is turning for house prices and developers continue to do all they can to assist new home buyers, speculative interest is now translating into sales.
“UK housebuilders are finally seeing some light at the end of the tunnel, which is good news for the overall market. This week, Taylor Wimpey became the latest to announce increased orders and plans to press ahead with new schemes later in the year, following similar announcements from both Persimmon and Barratt Homes. While this does not herald a return to high-volume building, it goes some way to easing concerns over future supply and affordability.”
See Also: Press Releases (372), Interest Rates (13), Persimmon (5), Persimmon Homes (6), David Bexon (14), Monetary Policy Committee (11), Taylor Wimpey (1849)
Date Published: 06 August 2009
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