Anglian housebuilder has positive outlook for 2020

Reading Time: 2 minutes
Edward Parker of Bennett Homes
Edward Parker, Managing Director of Bennett Homes

An award-winning East Anglian housebuilding company is looking forward to following a successful 2019, with a year when buyers will feel more confident about purchasing a new home.

Bennett Homes, which has headquarters in Nowton, near Bury St Edmunds, is optimistic about a more buoyant and stable economic environment in the year ahead, attributed by commentators to the ‘Boris bounce’.

Despite challenging market conditions, the family-run business completed 100 units during 2019, with 25% of these sales using the Government’s Help to Buy Scheme.

Latest news reports are highlighting a number of positive factors in the Queen’s Speech in December including the pledge to build one million new homes during the Parliament, a commitment to making homes available at a discount for local first-time buyers and the introduction of an Affordable Homes Programme to ensure buying a share of a home is fairer and more transparent. 

Edward Parker, Managing Director of Bennett Homes 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. These include three in Norfolk: St Edmunds Park at Hunstanton, The Hollies at Wereham, and The Cricketers at Swardeston, as well as The Alders at Alresford, Essex.

“That is in addition to our current locations such as Church Meadow in Sproughton, Suffolk, our fastest selling development of 2019 and Milestones in Poringland, Norfolk where we are offering a highly contemporary collection of Scandinavian-style homes with a distinctive appearance and accommodation to suit today’s lifestyles.

“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.”

X