Housebuilding firm Bennett Homes' optimism for year ahead
The boss of a housebuilding firm near Bury St Edmunds says there are ‘signs of an uplift in confidence in the housing market’.
Edward Parker, managing director of Bennett Homes, has spoken optimistically about the year ahead following a successful 2019, despite tough market conditions.
The family-run business, which has headquarters in Nowton, completed 100 homes in 2019, with 25 per cent of these sales using the Government’s Help to Buy scheme.
Mr Parker said: “After months of economic and political uncertainty surrounding Brexit and more recently, the general election, at last there are signs of an uplift in confidence in the housing market.
“Here at Bennett Homes, we are excited about the year ahead and plan to launch a number of developments over the next 12 months.”
They include three in Norfolk in addition to the firm’s current locations such as Church Meadow, in Sproughton, and Milestones, in Poringland.
He added: “It is worth noting that the criteria for Help to Buy will change in March 2021, after which it will only be available to first-time buyers.
“Those wishing to benefit from the scheme will therefore need to move over the next 12 months to take advantage of the financial help on offer.
“Finally, with historically low interest rates, properties remain at affordable levels.
“We hope that this will encourage many more buyers to make 2020 the year to purchase their new home and enjoy the benefits it will bring.”