Sunday 29th June 2008
A survey by the Office of Fair Trading (OFT) has blown wide open the subject of new house builds in the UK and the general state of the market. While nobody would expect a new build to be perfect from day one, it seems as though 70% of those buying new homes have encountered problems which needed addressing by the original builders. The problems seem to vary, including decorating work, windows, plastering, appliances not working, etc.
However, on a more alarming note it was also found that 20% of those questioned found between 11 and 20 different problems, with 5% finding over 50 problems with their supposed perfect new build. There is also a warning for those who are looking at new builds as a way of jumping the property chain system in the UK – it does not always go to plan!
Many of those buyers whose move in date was delayed said that they experienced major expenses trying to find alternative accommodation, storage of furniture, etc. It seems that even when there is no chain of buyers and sellers, the price of a house move can move higher and the completion dates are just as likely to change. |
Property
While today’s decision by the Bank of England MPC was literally a no brainer it does not help the thousands of home owners who are struggling to make ends meet. As we read another report from the... 
.gif)
