New Homes are Where the Heart is: 60% of Buyers Prefer a New Build According to Property Rescue

LONDON, Nov. 20, 2019 /PRNewswire/ -- UK homebuyers would rather invest in a new build than an older home, according to a new study by Property Rescue.

The leading property buyers ran a survey and found that two thirds of young buyers between 20 and 30, and those aged 60+ would rather move into a new build, with a third of the latter's main reasoning being to avoid a chain.

Only those aged 41-50 would prefer to move into an old home, with almost 30% prioritising the charm and features of a period build and a quarter believing them to be built to last.

Other major reasons as to why buyers prefer old homes include more space, the main reason among the 48% of 31-40-year-olds who would prioritise older homes, and moving into an established neighbourhood, the reason a quarter of those aged 51 and above who prefer old builds.

Danny Nieberg, Director at Property Rescue said, "There are many benefits to purchasing both new and older builds. For many young buyers moving from rented homes to their own, avoiding a chain can often be both time saving and a lot less stressful."

As well as avoiding a chain, no work being required was also the main reason for almost a quarter of those under 30, while energy efficiency is the key reason for one in five aged between 51 and 60.

You can view the full study, alongside all the pros and cons of new build vs old build at: https://www.propertyrescue.co.uk/useful-guides-articles/the-old-ones-are-the-best-ones-old-builds-v-new-builds-the-fors-against/

Notes for Editor:

Survey was taken from a sample of 2,000 home buyers living in the United Kingdom.

About Property Rescue:

Property Rescue have been buying properties for well over a decade and have an expert team who purchase properties directly from the homeowner without a middleman.

Property Rescue have helped thousands of people sell their houses over the years and can exchange contracts, offering a guaranteed sale in as little as 48 hours, no matter what condition the property is in.

For more information you can visit the Property Rescue website at www.propertyrescue.co.uk

SOURCE Property Rescue