‘Business as usual’ after EU ‘leave’ vote

Chestnut Homes managing director David Newton EMN-160807-072316001
Chestnut Homes managing director David Newton EMN-160807-072316001

A local housebuilder has played down fears over buying new property in the wake of the EU referendum ‘leave’ vote.

Langworth-based Chestnut Homes - which has just completed a development along the River Rase in Market Rasen - says it is ‘business as usual’ following the result.

The company says it is still a great time for property-hunters to buy, with interest and mortgage rates continuing at historic lows.

And the firm says it is looking forward to pushing on with buying land and putting forward new planning applications while continuing to build new homes and expand its workforce.

Chestnut Homes managing director David Newton said: “Now that we know the outcome of the EU referendum, we strongly feel that the old saying ‘keep calm and carry on’ is more relevant than ever. We are delighted that sales have continued at normal levels since the vote, and we understand our competitors continue to achieve good levels of sales, which of course is great news for the economy.

“We have a number of new developments coming up which we are looking forward to sharing more details about, and there are other new sites in the pipeline.

“At the same time, we are pressing on with construction at our live developments and taking on new members of staff, both on our sites and at our head office.

“The result of the referendum came as a shock to most of us whichever way we voted, however it is still very much the case that demand for new homes outweighs supply – so we will continue to work to bridge the gap by building many more new homes across Lincolnshire in the months and years ahead.”