Residential and Housing Schemes Developments Buoyant Despite Restrictions.

According to property experts and the latest research published by Rightmove the housing market is experiencing an unexpected mini boom. Defying expectations of a crash, UK house prices have risen during June-July, with demand for property surging now that the housing market is fully open for business. The mini boom is almost certainly aided by the significant increase in the stamp duty threshold.

The £3.8bn stamp duty government incentive package means house buyers will pay no stamp duty up to a purchase value of £500,000, with a reduced rate for homes above that. For someone buying a £500,000 home, the saving is worth £15,000.

This is something we can concur with in our practice, there is definitely a degree of optimism is Derby and Derbyshire with schemes continuing to move forward and new schemes coming through.

Other initiatives like the New Green Homes Grant could also be helping to stimulate growth. Homeowners and landlords are potentially eligible for a £5,000 voucher to make homes more energy efficient. This scheme launches with full details in September but improved energy efficiency is something we have certainly been advising clients on.

Below are some examples of our recent work in the sector. A ground floor extension for a family home in a Derbyshire village, barn conversions for a property developer in Leicester and energy efficient disabled home extension and adaptation on the outskirts of Derby.

If you would like advice on a residential project space please call Matthew Montague on 01335 330510, or email matthew@matthewmontague.co.uk.

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