14
May
First Time Buyers being kept in the dark
Reports from the most recent ‘First Time Buyers
Barometer’ state that first time buyers are demanding housing
action, as half are being forced to consider home with no natural
light.
The findings of the report reveal that the housing crisis is
creating growing discontent and desperation among potential first
time buyers, with less than half now claiming that natural light is
a necessity and really quite essential, to happy, modern
living.
As of February, first time buyers can expect and average price
of £143,767 for a new home and are more willing to save on
cost by sacrificing spaces like garage, dining rooms and utility
rooms.
There is speculation on policies that first time buyers would
accept, in order to encourage more house building. 40%
of first time buyers would accept legislation to prevent the use of
Land Banking, when developers do not start land developing
immediately after purchasing. Furthermore, 37% thought it should be
easier to convert existing buildings for residential use.
14% of first-timers comment that more pre-fabricated
‘kit’ houses should be used to rapidly build new
houses, while 11% would accept converting high streets to
residential property, and 10% would happily build over golf
courses. 8% of first-timers state that the greenbelt boundaries
should be adjusted, 8% believe that high restrictions in city
centres should be lifted, and a further 8% think that the size of
new builds should be limited, in order to build extra smaller homes
on the same available plots.