The time is right for newbuild

&ltdiv class=&quotMsoNormal&quot&gtAutumn 2009 is set to be one of the best-ever times to buy a new-build, says David Bexon, managing director of &lta href=&quothttp://www.smartnewhomes.com&quot&gt&ltspan style=&quotcolor: windowtext text-decoration: none&quot&gtSmartNewHomes.com&lt/span&gt&lt/a&gt. Newbuild prices are down nearly 20% on their peak in July 2007 and new stock is being made available in September and October as developers look to capitalise on a strong summer market.&lto:p&gt&lt/o:p&gt
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&ltdiv class=&quotMsoNormal&quot&gtnew home prices are now beginning to show strong signs of stabilising, with the rate of annual decline decreasing rapidly since May acording to SmartNewHomes research, as competition among buyers begins to intensify. However, the supply shortage is set to hit heavily in 2010, restricting the time remaining to secure the best new home prices, warns Bexon.
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&ltdiv class=&quotMsoNormal&quot&gt&lto:p&gt&lt/o:p&gt
&ltdiv class=&quotMsoNormal&quot&gt”With new home prices lower than they have been in years and a large number of developers set to release new stock following a surge in reservations this summer