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Economic conditions could facilitate more self-builds says expert

October 19, 2010

Economic conditions could facilitate more self-builds says expert

People looking to apply for mortgages may be more inclined towards self-builds, it has been claimed.

The present economic conditions provide the best opportunities for those looking to build their own homes, according to the National Self Build and Renovation Centre.

Tim Doherty, managing director of the firm, said: "The fact that there is a recession might mean there are a few more people with a little more time on their hands, but I think it is the economic environment which is providing conditions that make it easier to acquire land, which is probably the biggest hurdle."

Those interested in pursuing this option of property ownership could take a closer look at the line of products offered by the BuildStore Connections.

According to BuildStore, an estimated £1.4 billion is spent by consumers building their own homes in 20,000 properties up and down the country.

Recent statistics released by Barratt Developments show that the total number of completed projects, including joint ventures, had decreased to 11,377 from 13,277 recorded in 2009.

This article is intended as generic information only and is not intended to apply to anybody’s specific circumstances, demands or needs. The views expressed are not intended to provide any financial service or to give any recommendation or advice. Products and services are only mentioned for illustrative rather than promotional purposes.

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