IFAs are seeing an increasing amount of business in the self-build sector due to high property prices and house building television shows, according to Standard Life Bank.
A survey conducted by SLB revealed that 26% of advisers believe there is a growing market for advice on self-build housing. Self-build projects currently account for 7% of all new builds, with the market currently worth £4bn and expected to rise to £5.5bn by 2010. It has been estimated that self-build properties are worth around 30% more than their build costs as they are VAT exempt and 67% of IFAs believe cost-effectiveness is the major reason for growth in the market. The research showed that 52% of advisers thought that self-build television shows such as Grand Designs and Build a N...
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