The outlook for new homes

1
The outlook for new homes

• Yolande Barnes, Director - Residential Research

2
(No Transcript)
3
how far will the market fall?
4
its all about credit
5
not affordability
6
turnover is the main casualty
7
most notably amongst investor buyers of new build
property
8
no wonder housing starts are down
9
(No Transcript)
10
will central government inject liquidity ?
11
we have downgraded our forecasts
12
with significant risk of worse
13
(No Transcript)
14
land value is heading down
15
where are the risks greatest?

• High supply of flats
• Weakening occupier demand
• High buy to let activity
• High Loan to Value
• High non-prime

16
longer-term delivery is threatened
17
is a new approach needed?
18
(No Transcript)
19
what next in a low turnover market?
20
pay attention to occupiers!
21
people want great places
22
so kerb appeal remains more important than eco
credentials
23
dont forget why youre building
24
(No Transcript)