Cyden Homes sees improvement in the housing market

Cyden Homes sees improvement in the housing market

Following the raft of positive reports about the state of the UK housing market, one of the area’s largest local new home builders, Cyden Homes, have also reported a noticeable increase in activity over the last 3 months.

The launch of the Government-supported Help to Buy scheme is available on all of the Cyden Homes developments and over the last 3 months, some 40% of new reservations have taken up the scheme.

“Whilst there has been some criticism of the scheme, “said Peter Bond, Sales Director for Cyden Homes,” we have to remember that activity levels are only 10-15% ahead of this time last year and have still nowhere near recovered to the peak of 2007 so a price bubble is not likely as yet”

The upturn has allowed family-run and Laceby-based Cyden Homes to commit to building more private and affordable homes this year than ever before in its 6 year history and this will bring both a supply of additional homes for the higher demand in the market

and give confidence and security of employment for its staff, sub-contractors and suppliers.

This upturn has been caused not only by the launch of Help to Buy but by the ever-increasing quality of Cyden Homes which was recognised this year in the LABC Regional Quality awards where Cyden Homes won 4 major accolades.

“Home-buyers in Grimsby have been quick to understand the benefits of the scheme although a lot of people had thought that it was only available to first time buyers” said Peter,”but the fact is that most people qualify for the scheme and we’ve had almost as many second-time buyers with low equity purchasing 4 bedroom homes under this scheme as we’ve had first time buyers taking it up.”

Help to Buy means that anyone that qualifies for the scheme can purchase 100% of the home for 80% of the price with only a 5% deposit. The scheme is only available on new-build homes and the government-held 20% is interest-free for the first 5 years.

Award-winning Cyden Homes are currently offering a wide range of 3, 4 and 5 bedroom homes in Stallingborough, Scartho, Grimsby and Cleethorpes from £154950 to £289950 and are soon to launch “The Grange in the Woods” in New Waltham, an exclusive development of just 20 homes set between mature woodland and a village green.

Information about Cyden Homes can be found by visiting their website at www.cydenhomes.co.uk or calling their Head Office on 01472 278002.