London is renowned across the Globe as one of the most vibrant cities in the world and, although it’s now been overtaken by cities in Asia as the most expensive to live in, average property prices still far outweigh the average income of those living and working in the Capital.
Whilst areas such as Mayfair and Chelsea will always hold their hugely expensive price tags, London is such a diverse and spread out city that many of the boroughs and smaller towns come with varied price brackets when it comes to property, each one holding a different attraction for buyers, from transport connections and green spaces to vibrant communities.
At Fairview New Homes, one of our key goals has been to identify potential sites for development in all areas of London, and of course, where people can afford to buy. All of our sites are well connected to central London and major transport links. Buyers have the benefits of London living without the price tag.
Our developments are located across London and we offer buyers something different at each one. It could be an area at the start of a large regeneration like Regency Heights in Park Royal, or an up-and-coming neighbourhood such as Charlton, where we are building our Synergy development, which is just as attractive but less expensive than its better-known neighbours like Greenwich and Canary Wharf. We have just launched our Discovery development in Highams Park, an area that offers affordable living in a great location.
As soon as the first brick is laid, we start the transformation of the site into a vibrant new neighbourhood. Fairview provides an uncompromising quality of homes with exceptional value and we have a great deal of experience in selling to first-time buyers – over 85 per cent of all our properties are sold to those purchasing homes for the first time.
As rents creep up and up, buying is now a very real option in London for first-time buyers, who would rather pay towards a mortgage than pay rent. Affordability is the main factor for this market, and we are seeing more and more using schemes such as London Help to Buy, where it’s possible to buy a Fairview New Homes property in London with a deposit as little as 5% of the value of the property. So, taking a step onto the property ladder is far less of an obstacle than many people think.
We currently have nine sites across London with Help to Buy available at each one. There are big benefits in buying new – particularly for people owning a home for the first time, when budgets are tight. Buying new is a cost-effective way to secure your next home with minimal hassle. With no chain to worry about, minimal maintenance costs and a ten-year NHBC warranty, buyers get peace of mind too.
First-time buyers choose Fairview properties for a number of reasons; not only are we building affordable homes, we’re building homes of quality. The specification of all our homes includes modern integrated kitchens and appliances and thoughtfully selected fixtures and fittings, including flooring. We want our purchasers to be able to enjoy the benefits of buying a new home as soon as they step through the door.
They’re more efficient to run too. Double glazing, high quality insulation, new boilers, heating systems and even energy-efficient lighting mean that our properties are cheaper to run and eco-friendlier. Plus, everything is under guarantee, so buyers don’t have to worry about maintenance bills or unpleasant surprises.