Why Build In This Financial Climate?

Untitled DocumentI keep getting asked the same question. When everything is hitting the fan in the financial and housing market’s why on earth would you want to build a house?

And it is a reasonable question, house prices are on the decline, mortgages are tougher to get and while rates are stable arrangement fees have got more expensive. Builders around the country are moth balling sites and in some cases selling of some of their land banks and laying off staff.

So my feeling is that labour rates will start to decline, all the trades have had a very good time of it over the last few years and now with the lack new builds starting competition will drive down rates.

As for the builders merchants and trade suppliers are just like most retailers at the moment and will be feeling the squeeze so there has got to be deals to be had.

So for those reason I think it’s a good time to build, apart from anything else it will be a great home for us.