One in three want to build their own home
Wednesday, 27 July 2011 12:10 PM
Almost one in three people in the UK would consider having their own home individually built in the next five years if the finance was available, according to new research revealed today.
The study, conducted by Norwich & Peterborough Building Society (N&P), shows that 30 per cent of people would be interested in undertaking their own house-building project.
The research showed strong demand for self-build projects, with one in nine (12 per cent) considering starting a self-build project within the next 12 months.
The survey said the biggest attraction of a carrying out a self-build, with 42 per cent in agreement, was to create a home that suited a person’s individual wants and needs.
Just over a quarter (26 per cent) were attracted by the likelihood of a self-build working out significantly cheaper than buying an equivalent established property.
One fifth (21 per cent) said they were attracted to self-build because they could make a more efficient and environmentally friendly home than with an established property.
The Government is currently attempting to boost the self-build market from the current 15,000 annual level to nearer 50,000 homes a year, and has set up working parties to help cut red tape and make the process easier.
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