Wednesday, March 14, 2007

New homes sales up at Linden

Linden reports new home sales up 55% compared to second quarter 2006

The new homes market is in an exceptionally strong position heading into the spring months according to the innovative new home builder Linden Homes. Firstrung recently released advice highlighting caution when buying new. The housebuilder has experienced record sales so far in 2007, which are 55% higher than during the same period last year.

Posted by converted lurker @ 10:21 AM (481 views)
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2 thoughts on “New homes sales up at Linden

  • “A report by Hamptons International, the estate agent, said that supply and demand have become so out of balance that there is now an average of eight buyers for every seller of property”

    does it mean that if I want to buy a property today I have to share it with 7 other buyers?
    can someone help me understand?

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  • dohousescrashinthewoods says:

    If I were a housebuilder, saw the carnage in the US and believed it to be coming this way, I would start selling hard and cheap to minimise losses now, before market values decline and my margins are erased. The headline seems incongruous with the overall easing, slightly shaky picture in the UK so I am disinclined to take it at face value. The words “stronger than ever” sound disturbingly over-enthusiastic.

    I would guess those special incentives mean BTLers can buy below market value and thereby get “capital appreciation” and a sliver of rental profit despite stagnant growth. If they have cornered the market with particularly deep discounting, it may be relatively easy to boast a huge increase in sales. There may be plenty of lemmings still wanting to get in on that BTL action they have heard their mates down the pub boasting about (as well as the supposed existing landlords looking to expand).

    I wonder what the profit/margin % is, compared to the sales volume (are they making less money on each unit, which would be a dead giveaway to heavy discounting).

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