What the papers said about the housing market and new-build properties

This weekend’s financial press was largely concerned with the fall-out from last week’s Budget, and in particular the impact of increasing National Insurance Contributions for the higher-earning self-employed.

The housing market, while not a part of the Budget announcement this time, was a subject for discussion however. As we enter the peak buying season, the Sunday Express looked at traditional and online estate agents, and advised sellers to check the small print of their agent’s contracts, no matter what avenue they go down. Being realistic about selling price rather than opting for the highest valuation given was also a tip for increasing the chances of a successful sale.

The Guardian highlighted some alarming figures from housing charity Shelter, which revealed that more than half buyers of new build properties have experienced problems with construction or unfinished fittings. Experts blamed the rush to get homes built and targets met, as well as the number of properties being built by just a few dominating building firms.

In mortgage news, the Financial Times reported on data showing the widening gap between the average 2 year fixed rate and the average standard variable rate, highlighting the importance of those coming to their end of their current mortgage deal to review their options as soon as possible..
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