Arley boss upbeat on housing outlook

Confidence in the housing market is set to improve in 2010 on the back of increased prices and mortgage applications, says John Cosgrave, managing director of housebuilder Arley Homes.

Cosgrave said: "After 18 months of difficulties, many in the industry are predicting a rise in prices throughout 2010 as people begin to crave normality. Buyers are coming back to market and wanting to get on with their lives, we have seen this reflected in the number of enquires we've received over recent months."

More than 500 people viewed Arley's properties in the final quarter of 2009. Cosgrave added: "Although buyers still have to contend with the banks to secure a mortgage, there are some good rates out there because of the historically low Bank of England base rate."

Arley Homes' current developments include Chanters Green in Atherton, Churchfields in Harwood, which has only eight properties left, and St Georges Park in Mossley, which is down to the last two remaining. Arley's latest development, The Meadows in Coppull, Chorley, is due to be unveiled in the spring.

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