Inverurie development attracts locals
February 22, 2009
ANEW north-east development is proving highly successful with record sale of 75% of first two phases within a short period.
Construction of apartments at Cala Homes’ Priory Park development in Inverurie is likely to start in next few weeks.
The old North Street landmark will be replaced by beautiful new properties, providing modern homes to those residents who remained loyal to market town, Inverurie. A luxury show flat will be ready by the spring to demonstrate style which has already become very popular with potential buyers.
The development is also more appealing as it lends scope for trading up or down and yet remains in the community which reaps all benefits of rural living in the close vicinity of city.
It is interesting to note that many buyers are local, majority of which is trading down to smaller homes, and also those aspiring to climb first rung of property ladder.
Marketing director, Andrea Joyce, of Cala Homes North is delighted to note that development is quite appealing to locals. He remarked that Inverurie is a lovely community, is loyal to the town and has great spirit and sense of identity.
According to Joyce, company is confident that new development will be popular choice among locals and apartments will be ideal for investors. He believes that new development is offering big opportunity to those who would not like to move into Aberdeen but still like urban-like living.
Popularity: 7%
Affordable housing plans proposed in Norham
February 18, 2009
In a move to help local residents to live in new quality and affordable homes in their hometown, housing provider Two Castles Housing Association and developer McInerney Homes have come together.
The two organisations are working on proposals for 25 sustainable, highly energy efficient, code level 3 homes to develop in Norham. To confirm that the proposals are according to the needs of the local residents, they had planned an open day on February 12 from 2-7pm, in the Norham Village Hall. The local community was provided with details on the partnership and information on the proposed new housing development in their village.
The draft for the affordable housing development initially consist a combination of 2 bedroom bungalows as well as, 2 and 3 bedroom family homes, which will be available for rent through Two Castles Housing Association.
The open house event was held by the two organisations with the aim of establishing the housing demand in the area and identifying the different types of property required.
The housing development proposals have the strong support of the parish council, who have welcomed the proposal and believe it will have a positive impact on local services and community. With the severe problems in economy and housing, things like these are always welcome.
Popularity: 4%
Developments of 16 main Plymouth properties to speed up
February 15, 2009
The economic downturn has affected a number of areas but the most badly affected seems to be the property market. A number of ways are being devised to deal with the problem and it looks like Plymouth has found a temporary solution to it. The city council is thinking of speeding up the development of 16 major properties which will range from development of multi million pound high profile projects to 15 homes.
Of the 16 developments, two have submitted planning applications. They include the Shepherd’s Wharf project which is at Sutton Harbour, estimated to be at 55 million pounds and Devington Homes development which is at Derrys Cross, estimated at 75 million pounds. The developers of these projects will have to apply for permission to plan before the year ends and work will have to start within two years.
The head of city’s planning, Paul Barnard, said that it would be possible for the credit crunch to actually increase the supply of affordable housing. Although the approach is innovative, it may be risky but developers are being given credit for bringing forth their projects. The deputy leader of the council, Ted Fry, said that developers will be guaranteed a good income once affordable housing is built, so they may probably do really well on that front.
Popularity: 4%
First-time buyers witness signs of revival in the property market
February 13, 2009
Steep fall in the house prices is luring the first-time property buyers. A leading property website stated that people who are buying first homes are accountable for 40 per cent of all the mortgage applications as compared to the last October figures which were less than 10 per cent.
In fact several people who are moving homes or remortgaging have also applied along with the first time buyers. The fall in property prices has tempted the first time buyers to enter the property market. However, a lot of savings still needs to be done by the first home buyers as the deposit price is rather significant.
As of now there are only three mortgage lenders who are offering home loans to people. 95 per cent of the property value can be borrowed with charging rates of almost 7 per cent. In one case an application was charged a fee of £2,499. Francis Ghiloni, the director of marketing and business development at mform.co.uk, stated that the decreasing house prices have boosted the first-time buyers, which is hwy they are returning back to the market.
Though last October there were no signs of buyers however it is only now that the numbers of applications have increased.
Popularity: 4%
Show homes in Thornbury development increasing property investments
February 12, 2009
Buying property at the moment seems to be the last thing on most people’s minds but a property development in the Thornbury region can tempt buyers to invest in it. A new property show that is located about two miles away from connections with Gloucester, Bristol and Cheltenham has been opened to the public and is getting wonderful results.
The Strafford Mews development in Thornbury is promoting a wide selection of homes, of which half of these homes have already been bought. The new show home that was opened is a five bedroom detached home. The developer of this home describes it as “in the Hogarth style”.
The sales director of David Wilson Homes, Bernice McKenna, said that the interiors of the home which were red and cream gave the place a traditional feeling and visitors can expect quality and high standards from homes in this development. Prices of the remaining houses at Strafford Mews are ranged from £ 147,995 to £ 310,000. The developer also said that part exchange deals ay be available for those who want to move to a larger property.
The prospect of owning a home in this development has brought many property buyers to invest in the development which seems to be doing quite well at the moment.
Popularity: 5%