Off-plan sales fall to lowest level since 2013
Original Article Summary
Off-plan sales of new homes in England and Wales have fallen to their lowest level in 12 years at 33%, down from a peak of 49% a decade ago. The decline has been driven by a shift away from flat development towards houses, raising concerns about the Government's ability to meet housebuilding targets. The post Off-plan sales fall to lowest level since 2013 appeared first on PropertyWire.
PropMatch Curated Analysis
Off-plan new home sales in England and Wales have dropped to a 12-year low of 33%, driven by a shift from flat to house-led development and the exit of BTL investors from the off-plan market. This structural change raises doubts about the Government's ability to hit housebuilding targets and signals reduced new-build flat pipeline supply.
Investor Relevance
BTL and apartment-focused investors should note that reduced off-plan flat development constrains future rental stock supply, potentially supporting rents but limiting acquisition opportunities. The withdrawal of BTL buyers from off-plan also signals weakening developer confidence in investor-led demand, which may affect new-build pricing and viability. Developers considering flat schemes face a more challenging pre-sales environment, particularly in southern regions.
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