
Date Added: 20 August 2008

240,000 new homes:- That is the number of homes planned to be built nationally each year to meet the projected number of new households expected by 2018.
As it stands though, this year the likelihood is that approximately 100,000 new homes will be built and that is even down 40% on last year.
These are the figures that could determine the stability of property prices; A sheer case of supply and demand. The demand will outstrip supply and therefore the market will become more buoyant.
There are a few counties bucking the trend of falling prices and Kent is one of those fighting its corner.
This is great news for the county which is seeing its infrastructure improved through high speed rail links and continued commuter interest.
As the extent of improvements to transport links expands throughout the county's main centres, the appeal of commuters to live near the sea or in less oppressive locations is on the up. Whitstable is already recognised as a fashionable retreat for Londoners but on the coat tails are Herne Bay and Thanet.
The sanctity and tradition of Canterbury will soon be easily attainable for commuters as East Kent retains its strength in the market with property prices more affordable to commuters looking to move away from the high priced traditional commuter belt.
All these factors combine to provide the reasons why our area's property prices maybe more stable than some. So it's not surprising that we are also getting good press as according to a recent Sunday Times article the best value for money can be found on the north Kent coast, in Whitstable and Herne Bay.