The self-build market will be particularly strong in the future but will have altered considerably from its present state, according to a leading expert.
Homebuilding and Renovating Magazine editor Jason Orme noted that the government is “keen to develop” a model that will result in more people erecting their own property.
Currently, issues such as land and finance access, complicated building legislation and guidelines or the lack of a fixed price discourage people from entering this market, he claimed.
“There will be a whole new group of people who do not want to deal with the hassle” and are not interested in making the same profits of a traditional self-builder, the expert predicted.
Mr Orme explained that he anticipates these customers will buy serviced land, which will already have planning permission, before “selecting houses off-plan at a fixed price”.
“It is self-build, but not as we know it,” he concluded.
This follows a recent statement by housing minister Grant Shapps, who asked mortgage lenders to increase the financing options available for those who wish to construct their own dwelling.