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Friday 18th of December 2009
October 16, 2009    

Nimby mentality subsides as housing stocks fall

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by Gill Montia
”Nimby

Research from smartnewhomes.com suggests that Britons are warming up to newbuild developments, having been enlightened by the financial crisis and its impact on the construction industry.

In a survey aimed at revealing the current state of “not in my backyard” thinking, the property portal claims that attitudes have softened, as people begin to acknowledge the negative impact of the recession on the UK’s housing stock.

Over 55% of those questioned did not agree that there had been “too much” development in their local area in the past, and over 75% of respondents described local development as “moderate” or “very little” over the last two years.

Furthermore, one quarter of the 3,000 people questioned were unsure they would be able to find a good home in their preferred location if they were to move.

Respondents in Scotland were the least likely to move and also the least confident of finding a suitable home in their area.

Smartnewhomes.com managing director, David Bexon, comments: “Local development is always likely to be an emotive subject within local communities but the comprehensive lack of homebuilding over the past two years has had a wide-reaching impact.”

According to Mr Bexon, prior to the credit crisis settled homeowners might have witnessed an increase in local development which seemed excessive.

However, he adds: “Many of these people may have had to look for a new home since this time, and are now facing the significant barriers brought on by the current supply shortfall.”

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Tags: housing stock, local development, newbuild, Nimby, smartnewhomes.com,