Loveitts Directors and staff would like to wish all our customers past and present a very merry Christmas and a happy New Year.
Late 2021 and early2022 has generally been kind to housebuilders who have enjoyed the fruits of a market which will likely see more new homes sold than in any year since 2007. But with the introduction of new Help to Buy price caps in recent years and rapidly rising material costs, this period hasn’t been without its challenges. Here we set out the 10 key trends to watch in late 2022, which despite the stamp duty holiday ending, is still shaping up to be a stronger than average year.
Housing secretary Michael Gove announced plans to kickstart housebuilding for 2022, including encouraging the smaller builders who have been disappearing from the market over the past decades. In the 1980s, almost 40% of new homes were built by smaller developers and that figure is now only around 10%, due mostly to onerous regulations that favour larger housebuilders.