UK property developers are offering up some of the best incentives ‘seen in the last 15 years’ as they try to shift unsold new homes.
Housebuilder Gladedale has said the current ‘challenge’ for buyers was to work out when is the best time to buy in a slowing market.
The firm has joined a number of other sellers offering to pay stamp duty for buyers following speculation the government could scrap the tax.
Kareen Davidson, group sales and marketing director for Gladedale, said:
“We fully understand that people are nervous and getting mixed messages from the economy but the variety and extent of incentives available to purchasers at the moment are as good as I have ever seen in the last fifteen years.”
Gladedale is also offering deals such as part exchange, shared equity, cash towards heating and vehicle costs, and five per cent deposit incentives on selected properties.
Last week Bryant Homes also announced it was offering to cover stamp duty costs on selected properties at developments across East Anglia, in a move which has already been adopted by other firms.
Ms Davidson added:
“The economy does not benefit from the housing market stalling so there are unusually attractive opportunities for buyers around at the moment. It would be well worth anyone’s time to visit their targeted developments sooner rather than later.”
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