Category Archives: Property Development

How Much More? New Build ££

  • Historically, experience tells us that the premium paid for new build properties increases in a strong market but narrows again in a slower market as developers reduce prices in order to achieve sales.
  • While not directly comparing like for like, it does raise some interesting questions. Few would say that 2017 was a particularly strong year for the market and yet the new build premium continues to rise.

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Looking ahead – Predictions for the West Oxfordshire Property Market in 2018

Supply & Demand – Population

Local government forecasts predict a 29% increase in the population of the Witney area over the next 10 years. Coupled with the exceptionally low rate at which we are building new homes and sales volumes (the number of properties sold) dropped by 19% in 2017 (compared with 2016) and the market fundamentals remain out of balance. Read more

Are We Building Enough New Homes?

Since the 1970s, housing starts and completions across England and Wales have largely been on a downward trajectory.

The long-run average (over the last 50 years) for starts and completions has been around 190,000 per annum but after the global financial crisis lows of 93,000 (starts) per annum and 113,000 per annum (completions) had been reached.

Enough New Homes Read more

Is building homes in factories the solution to the UK housing crisis?

homes-constructed-offsite

The chronic shortage of housing supply in the UK relative to demand has been a national issue for decades. The Government are committed to delivering a million new homes by 2020. Yet with limited land availability, rising costs and shortage of skilled labour the government and the house building industry need to become innovative with regards to how housing is built if those targets are to be met. Read more

Witney & West Oxfordshire Housing Development Update

burford-high-streetThere’s an awful lot going on currently as the next iteration of the Local Plan 2031 continues to take shape. This will impact the delivery of housing in Witney and West Oxfordshire from the immediate term and into the future. Witney itself has more than doubled its population in the last 30 years with significant extensions to the north, west and east of the town. Read more