Business as usual after Brexit vote

A Lincolnshire housebuilder currently at work on a multi-million pound development on the outskirts of Boston says it is business as usual following the EU referendum result.

Amid the uncertainty brought about by the Brexit vote, Chestnut Homes says it is still a great time for property-hunters to buy, with interest and mortgage rates continuing at historic lows.

It is also 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.

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 which we look forward to bringing forward.

“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.”

Chestnut Homes recently began construction work on The Quadrant south of Boston, a project consisting of a new football stadium for Boston United, 500 houses, plus businesses and infrastructure.

The Lincoln-based firm is also currently building homes at Riverside in Boston (as well as elsewhere in the county).

Mr Newton added: “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.”