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The Smart Comment - The Knight Frank Residential Development Review
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David Bexon, Managing Director of smartnewhomes.com, comments on the Knight Frank Residential Development Review:

“The rise in new build sales in London will be no surprise to many in the industry.

“The dramatic recovery in the London resale market over recent months has made plenty of headlines. In comparison, the Smartnewhomes.com monthly New Homes Index shows that the new-build sector has been consistently undervalued over that time and buyers are now increasingly eager to take advantage of the many good deals on offer from developers.

“Affordable finance for buy-to-let investors remains especially hard to come by as mortgage companies continue to restrict lending, giving credence to the idea that owner-occupiers are the dominant force behind the current high demand.”
 

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Date Published: 11 March 2010

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