Apartments becoming popular
22nd September 2008
Apartments have long been associated with first-time buyers but the trend is changing as downsizers are increasingly being attracted too, a developer has claimed.
According to David Wilson East Midlands, buyers looking to downsize their living space have been showing great interest at the company's Old Hall Gardens development in East Leake, 60 per cent of which is made up of apartments.
"There are many advantages to apartment living so I'm not surprised they are proving to be the top choice at Old Hall Gardens," says sales director Philip Lacey.
"The main benefit is easy living- there is less maintenance required and for downsizers this means having to spend less time on DIY and more time enjoying life, especially if they are retired."
According to Fool.co.uk, many people are increasingly downsizing to release equity to free up cash to spend on other things such as boosting retirement savings or buying a holiday home abroad.
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts – they will guide you through the process.
<< Back to News
UK Property Investment
22nd September 2008
Apartments have long been associated with first-time buyers but the trend is changing as downsizers are increasingly being attracted too, a developer has claimed.
According to David Wilson East Midlands, buyers looking to downsize their living space have been showing great interest at the company's Old Hall Gardens development in East Leake, 60 per cent of which is made up of apartments.
"There are many advantages to apartment living so I'm not surprised they are proving to be the top choice at Old Hall Gardens," says sales director Philip Lacey.
"The main benefit is easy living- there is less maintenance required and for downsizers this means having to spend less time on DIY and more time enjoying life, especially if they are retired."
According to Fool.co.uk, many people are increasingly downsizing to release equity to free up cash to spend on other things such as boosting retirement savings or buying a holiday home abroad.
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts – they will guide you through the process.
<< Back to News