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Britannia Gain Outstanding Results from Market Recovery

A surge of demand has occurred at developments in Leeds, Luddendenfoot, Todmorden, Heckmondwike, Swinton, Askern, Hull and Bradford whilst the launch of a new phase of apartments in Leeds and a forthcoming development of semi detached homes and townhouses in Holywell Green, Halifax, have attracted a high level of preliminary enquiries. With market confidence evidently restored, Britannia are preparing to launch two more developments in Hemsworth and Halifax later this year.

“After an extremely tough two years for everyone in the house-building industry, Britannia are delighted to see that the market has stabilised and is now gathering pace in its recovery,” said Chairman and Managing Director, Paul Rider. “As well as demand rising at the upper end of the property ladder, with spacious family homes selling well at developments in Luddendenfoot and Bradford, we have also seen a major increase in activity from first-time buyers with apartment developments selling well in Leeds, Askern and Hull. According to the Centre for Economic and Business Research, average property prices are projected to grow by more than six per cent in 2010, so now is clearly the time to buy ­ a conclusion which increasing numbers of purchasers appear to be reaching.”

“First-time purchasers are vital to the stability and sustainability of a healthy housing market and Britannia has taken steps to bridge the affordability gap with a range of equity share schemes and money saving incentives. Those steps have certainly produced some excellent results in the past two months.”

With the UK now officially out of recession and house prices continuing their steady rise, Britannia are gaining outstanding results from the market recovery with the last two months seeing our best sales performance in almost two years.