Your News: Housing boss shares predictions

Larkfleet chief executive Karl Hick has been accepted onto the exclusive leadership programme run by the Confederation of British Industry

Larkfleet chief executive Karl Hick has been accepted onto the exclusive leadership programme run by the Confederation of British Industry

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Karl Hick, managing director of Bourne-based housebuilder Larkfleet Homes (www.larkfleethomes.co.uk), part of the Larkfleet Group (www.larkfleetgroup.co.uk), has revealed some trends he anticipates within the housing market in 2014.

He said: “Towards the end of 2013, we saw a small recovery of the housing market with rising house prices and the start of increased confidence. I think this momentum will continue in 2014 as the demand from aspiring home buyers will continue to increase amid a lack of supply of homes on the market.”

Karl especially identifies the Help to Buy loan scheme and stable interest rates as factors that will continue to help first-time buyers get that first step onto the housing ladder.

However, he points out that in 2014 the new Help to Buy mortgage guarantee scheme will also help those who already own a home to purchase a new property.

Karl continued: “Importantly, those who have perhaps had no choice but to stay put in recent years may now be tempted to market their property with the prospect of more potential buyers enabling them to make the move. If we are going to stop house prices rising to the extent that first-time buyers are blocked from the market, however, we need to tackle the balance between supply and demand. Housebuilders like Larkfleet Homes would build more if the planning and financial systems were streamlined to make this possible.”

On a local level, in 2014 Larkfleet will continue to help meet the local need for high quality homes with its Abbeyfields development in Bourne and The Coppice in Deeping St James, both of which offer the government’s Help to Buy scheme.

Both developments comprise two and three bedroom properties which are perfect not only for first-time buyers but also for buyers who are looking to downsize and young families looking for a high quality new home.

Solar photovoltaic panels can be fitted to some properties at Abbeyfields as ‘an extra’ and to all properties at The Coppice so homebuyers can benefit from reduced energy bills as well as generating additional revenue from the government’s Feed in Tariff.

For more information on The Coppice please call 01778 380172. For more information on Abbeyfields, please contact 01778 392795 or email abbeyfields@larkfleethomes.co.uk. Brochures on both developments can also be downloaded from the Larkfleet Homes website – www.larkfleethomes.co.uk.