New homes demand high despite Brexit, says Persimmon MD

The demand for new homes in the region continued in the first half of 2016, according to the UK's Peterborough-based leading new homes builder.

Wednesday, 24th August 2016, 3:08 pm
Updated Thursday, 25th August 2016, 8:38 pm
Simon McDonald EMN-160824-093933001

Persimmon Homes East Midlands, which builds homes across the region, announced its half-year results this week. Legal completions were up six per cent compared to the same period in 2015 with 7,238 homes completed between January 1 and June 30, 2016.

Simon McDonald, deputy managing director of the business, which is headquartered in Peterborough, said: “Customer interest in our new homes remains high, despite the increased economic uncertainty which the result of the EU Referendum created. In the region, visitor numbers to our developments has increased by around 20 per cent year on year.

“The average selling price of homes increased by six per cent to £206,000, however affordability remains key and excellent mortgages are available including Help to Buy enabling many first time buyers to get onto the housing ladder.

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“As a team we remain committed to delivering much needed new homes to our local communities, with new developments build under the names of Persimmon and Charles Church.

“We are currently building in Fenstanton, Peterborough, Sleaford, Helpston, Yaxley and Narborough.”