As real estate professionals review housing trends with the close of 2014, they see 2015 to be a good year for first home buyers.
According to reports, early 2015 will see an abundance of available lands, a trend that started in late 2014. This is driven in part by a rising demand for affordable housing, with acceptable minimum lot areas downsized from 600 square meters to 450 square meters. Competition among land developers is also seen to propel lower-cost properties, further driving the demand for new homes and attracting previously hesitant buyers.
Speaking of smaller lots, home builders and designers will be designing more and more for functionality in a compact space, and will most likely be employing unique and quaint ergonomic architectural layouts. Builders will also be looking into alternatives for the old brick-and-mortar way of constructing houses, but retaining the attractions of brick-laden homes.
These design trends are in anticipation of an increase in the demand for house and lot packages, although many buyers are seen to first select land to purchase, then hire contractors to build the houses. As a result, seasoned and qualified contractors will see a surge in business, and continue to thrive even after the market cools down.