AT THE beginning of the year Cavanna Homes had property for sale at six developments across Devon and Cornwall but in the past two months Parish Green in Lee Mill near Plymouth and Evolve in Torquay, have sold out of new homes.
Tower View in Bodmin has just four detached family houses remaining while a reservation has just been made on the last property at The Salterns in Bideford.
At the company's flagship development, 504K in the Derriford area of Plymouth, the rate of sales in the first half of 2013 has almost doubled from the end of last year while at Aspects in Dawlish, a new development that only launched this Spring, a healthy number of early sales are reported.
A recent residential market survey by the Royal Institute of Chartered Surveyors has backed up this picture stating that buyers are returning to the market, with house sales reaching a three-and-a-half year high in May this year – a trend that looks set to continue rising over the summer months.
In the past month, the homebuilder has launched its latest development, on a stunning coastal location with dramatic sea views over Brixham's St Mary's Bay. The aptly named Seascape offers just 12 properties set above the historic fishing port, within easy reach of the beach and a short walk from the spectacular South West Coast Path. There has been healthy interest in the development, with two reservations already taken.
Cavanna Homes' sales manager Lynn Worley explains: "With the position of this development, we knew straight away that the views would be of enormous appeal to potential purchasers."
With this in mind, each of the contemporary houses has been designed as reverse level with a first floor living room and glass concertina doors opening onto a balcony with an outdoor staircase leading to the garden.
Lynn believes that, alongside the high quality properties that Cavanna offer, government incentives, including New Buy, introduced last year, and the more recent Help to Buy scheme, has stimulated the market.
Under Help to Buy, a five percent deposit is required, with an interest-free equity loan of up to 20 per cent of the cost of the house also made available.
Lynn said: "In this age of austerity, it seems that buyers have recognised that a new home represents excellent value for money in terms of it being equipped for modern living as well as having low energy costs."
New homes at Seascape, Brixham, are priced from £290,000. For further information telephone 01803 856280.