This entry was posted on Monday, September 3rd, 2007 at 6:10 am and is filed under Property news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
After receiving the recommendations of the Barker Review of Housing Supply 2004, the Office for Fair Trading (OFT) has been supervising the home building market and is now considering further studying it. The OFT’s main concern is that consumers could be at a loss on today’s market. While the study will not concentrate on environmentally-friendly home building or suggest where development should be made, it will assess different ways to reduce the burden on this market.
According to OFT representatives, the study will focus on identifying ways to improve the customer experience of buying a new-build home, since for many this is the most significant purchase of their lifetime. Due summer 2008, the OFT study will also look at the quality of new homes, as well as the customer satisfaction levels.