Government schemes hoping to unlock the property market.
James Greenwood of Stacks Property Research warns of the pitfalls associated with purchasing a new build. “Like a new car, a new build looks shiny. But like a new car, its value can depreciate considerably when you come to sell. They are often cleverly designed but with less square footage than elsewhere on the retail market locally.” He advises buyers to look at square footage and size of plot. A full-structuring survey is also essential, but this costs money. Buyers need to be careful not to pay a premium, and be weary of quality of build.
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