More for your money in UK real estate market

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A UK property expert has said buyers could get a “bigger house for their money” thanks to lower interest rates, adding brighter times were ahead for the homes for sale market.

Diane England, of house builder Persimmon, said 2009 would be difficult for developers but added there was still high demand for homes.

England, from the company’s Cumbria and Lancashire division, added the company was among a number of builders looking to offer deals to make houses more affordable in the current lending climate.

She said:

“Now is actually as good a time to buy as any because in addition to the positive interest rate news, which is great for buyers from across the spectrum – from youngsters looking to take their first step on the property ladder – to those looking to make the move into a bigger home – you can get a bigger house for your money.”

The company recently offered remaining plots in an Ancaster scheme with either part exchange or an 85 per cent shared equity scheme.

Fellow developers Charles Church has also said “now’s the time” to buy in the UK market, thanks to falling property prices and lower loan rates.

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