Insights into new homes buyers 2018 - ZPG Advantage

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Insights into new homes buyers 2018 - ZPG Advantage
Insights into new
homes buyers
2018

                    1
Insights into new homes buyers 2018 - ZPG Advantage
Contents
01 Overview                                                             02 A big opportunity                                                 07 Help women to visualise and personalise                            08 Show me the dream
                                                                        Justifying price and showing people how they can put their own       Women tend to be put off by buying off plan, and they’re more         New build developer advertising that helps people visualise
                                                                        stamp on a property are the biggest hurdles for new homes            concerned with build quality and the ability to put their own         what life will be like living in their new home is the most
                                                                        developers to overcome, but they also present clear opportunities.   personal touches on the property.                                     engaging for consumers.

03 Pre–families just want a home                                        04 Families want it easy                                             09 Property portals are key                                           10 ZPG leads the way
Those who are yet to start a family just want to get a place of their   Families are the largest and easiest target for new homes            When looking for a new build home, 75% of people use portals,         Many people begin their property search looking at both
own, and they’re less fussy about what they get than those at other     developers. Ease of sales process and ongoing maintenance            with 57% referring to them as their first port of call. 63% of        new build and resale homes. So ZPG’s multiple portals that
life stages. But there’s a perception amongst this group that new       are the key benefits this time strapped group are looking for.       contact with developers comes from portals, either through the        cover both increases their chances of finding what they want
builds are too expensive.                                                                                                                    portal itself or by making direct contact later on with a developer   and contacting a developer.
                                                                                                                                             found on a portal.

05        For empty nesters, it’s all about location                    06 Empty nesters are an untapped market                              11 Room for developers to build preference
For empty nesters who want to downsize or release equity,               While there are challenges for developers to overcome with           There’s an opportunity for developers to increase brand
moving to the right place with the right community is                   empty nesters, the reassurance of lower running costs and            awareness and consideration amongst potential buyers
most important.                                                         a new, high tech household can be very alluring for them.            by understanding the needs of different target markets.

                                                                                                                                                                                                                                                                                  3
Insights into new homes buyers 2018 - ZPG Advantage
Key topics covered in the survey

01
Overview
           Consumers were surveyed to uncover the following:

           Different target                    Triggers and barriers            Effective messages        The impact of
           markets                             for new homes                    and advertising           different channels
           Exploring what people at            Understanding the pros,          Analysing what the most   Measuring the effectiveness
           different life stages are looking   cons and potential barriers of   effective messages        of different marketing
           for from a new build home           buying a new home for each       and engaging styles of    channels in people’s searches
                                               life stage audience              advertising are for new   for new build homes
                                                                                home developers

                                                                                                                                          5
Insights into new homes buyers 2018 - ZPG Advantage
Consumer profile
A nationally representative consumer sample (not just ZPG customers) of 600 adults,
all of which had either bought a home in the last year or intend to do so in the next year.

               Age profile (%)                     Property market status (%)    Consumer sample (%)                                                                  Property life stage (%)                                Available budget (%)

                                                                      63                                                                                                   37                                                40
                                                                                                                                                                                                                                           36
                       41                                                                           41
                                                          37
       34                                                                        34
                                                                                                                           Consumer
                                                                                                                                                                                            23
                                                                                                                                                                                                             22
                                                                                                                                                                                                                                                           22
                                      25                                                 25

                                                                                                             51% women                 49% men

                                                                                                                                                         6

                                                                                                             23%           are first home buyers

                                                                                                                                                       Pre–families

                                                                                                                                                                           Young families

                                                                                                                                                                                            Older families

                                                                                                                                                                                                             Empty nesters

                                                                                                                                                                                                                             Under £200k

                                                                                                                                                                                                                                           £201k – £400k

                                                                                                                                                                                                                                                           £401k+
       18–34

                                                          Purchaser

                                                                      Intender
                       35–54

                                      55+

                                                                                 North

                                                                                         Midlands

                                                                                                    South
                                                                                                            43% upsizing              22% downsizing

               Survey conducted in February 2018
                                                                                                                                                                                                                                                                    7
Insights into new homes buyers 2018 - ZPG Advantage
Overview

           A big opportunity                           Pre–families just want a                   Families want it easy                    For empty nesters, it’s
           •   The preference for resale homes         home                                       •   Families are the biggest audience    all about location
               vs new build properties is split        •   Those buyers who are yet to start          for developers, and they have        •   53% of those who are looking to
               almost equally at 36% and 37%               a family have the least preference         the strongest preference for new         move after their children leave
               respectively, with 27% claiming             for the type of home they buy.             builds, making up 47% of new             the family home cited moving
               no preference.                                                                         home buyers.                             to a preferred location as their
                                                       •   57% gave having their own place                                                     biggest trigger.
           •   The sales process and ongoing               as the biggest motivation for buying   •   The main appeal of new
               maintenance of new builds is seen           a home.                                    build homes for this group is        •   This group have the most
               as easier, and they cost less to run.                                                  their perception of ease and             requirements that are important
                                                       •   More so than any other group they          convenience. 34% like that they’re       to them when searching for a
           •   But they’re also perceived as               want something ready to move into          easy to maintain, and 31% see the
               having small rooms, being too                                                                                                   new home, with location, the
                                                           that doesn’t require any work.             sales process as simpler.                neighbourhood and type of
               uniform and expensive for what
               you get.                                •   Marketing messages around finance      •   The two key considerations of            property being the top three.
                                                           appealed most to this group, with          families searching for a new home    •   It also takes them an average
           •   Messages that highlight choice,             30% referencing the 5% deposit and         are space and location.
               quality, and ongoing cost to run                                                                                                of 8.3 months to find the right
                                                           23% citing help to buy schemes as                                                   property, longer than any
               are seen as the most interesting,           the most interesting messages.         •   However, size is also a concern
               and the most believable.                                                               for this group; 33% believe new          other group.
                                                                                                      build properties are too small.

                                                                                                                                                                                  9
Insights into new homes buyers 2018 - ZPG Advantage
Empty nesters are an                      Help women visualise                      Show me the dream                        Property portals are key
untapped market                           and personalise                           •   Our panel of respondents were        •   75% of those surveyed used
                                                                                        shown different examples of              property portals to search for new
•   Empty nesters are currently           •   While women aren’t as keen on
                                                                                        developer advertising, ranging           build properties, and saw them as
    the most challenging group for            buying new build properties as
                                                                                        from ‘unusual conceptual’ and            a crucial part of the journey.
    developers to engage, as their            men, 35% still say they actively
                                                                                        ‘people based lifestyle’ scenes
    preference for new build                  prefer new build properties to                                                 •   57% used portals as their first
                                                                                        helping buyers to picture their
    properties is lowest.                     resale homes, and 26% say they                                                     port of call when searching for a
                                                                                        own lives in a new build property,
                                              have no preference. This shows                                                     property. This was the case across
•   However, they seem to be more                                                       to more ‘property feature and
                                              that a significant proportion                                                      all groups; the majority of empty
    aware of the benefits of new builds                                                 facility’ focused executions.
                                              of women are still open to the                                                     nesters, families and pre–families
    than the other groups; over half of       possibility of buying new builds.     •   The advert most liked, with              all started their home buying
    them perceive new build properties
                                                                                        36% citing it as their favourite,        journey on portals.
    as easy to maintain, with almost as   •   Generally, they’re more attracted
                                                                                        focused on people rather
    many recognising the ease of sale         to messages about the quality of                                               •   63% of those that get in touch with
                                                                                        than buildings, helping people
    and lower running costs.                  the build and being shown ways to                                                  new home developers do so first
                                                                                        visualise themselves in their
                                              personalise their new home.                                                        via a portal, whether it’s through
•   Given they’re most likely to engage                                                 new homes and playing to their
                                                                                        lifestyle aspirations.                   the portal itself or by getting
    with messages around structural       •   The ability to visualise is key for
                                                                                                                                 directly in touch with a developer
    guarantees and energy efficiency,         women. They’re less keen to buy
                                                                                    •   The adverts which showed off             that they found on one.
    focusing on these areas could help        off plan, as they prefer to see
                                                                                        the properties’ features were
    developers tap into this audience.        exactly what they’re buying and                                                •   Portals also have the most positive
                                                                                        also quite effective, because
                                              start to plan how they’ll put their                                                impact on home buyers’ interest in
•   They’re also far less interested in                                                 they helped people to picture
                                              own touches on the place through                                                   a property.
    financial messages around schemes                                                   what life would be like there.
                                              colours and finishes.
    and deposits than the other groups.

                                                                                                                                                                 11
Insights into new homes buyers 2018 - ZPG Advantage
ZPG leading the way
•   The majority of people both
    researched new homes and
    found the home they ended up
    buying on one of ZPG’s property
    portals; Zoopla, PrimeLocation
                                        Room for developers to
                                        build preference
                                        •   42% of buyers have no
                                            preference for a developer
                                            brand when searching for a
                                                                                02
                                                                                A big opportunity
                                            new build home as there are
    or SmartNewHomes.
                                            other factors that are seen
•   27% of those getting in touch           as being more important.
    with new homes developers
                                        •   When shown a list of new build
    did so through Zoopla, slightly
                                            developers, few buyers said they
    more than Rightmove’s 25%.
                                            would consider looking at any of
    Again, this is a combination of
                                            them in particular. The property
    both through the portal itself,
                                            was of greater preference than
    or contacting a developer found
                                            the developer.
    on a portal directly later on.
                                        •   Based on the research results, it
•   90% of people referenced
                                            seems that targeting appropriate
    Zoopla’s array of online tools as
                                            messages to the different types
    being helpful to their property
                                            of buyers is the best way for
    research and search journey.
                                            developers to create preference
•   Those using Zoopla are more             for their properties and brand.
    likely to contact the new build
    developers than users of any
    other portal.

                                                                                                    13
Insights into new homes buyers 2018 - ZPG Advantage
Consumer preference towards new builds compared to resale                                                                                                          New builds are seen as easy and as costing less to run
homes is split                                                                                                                                                     However, there’s a perception that they have small rooms, they’re too uniform
                                                                                                                                                                   and they’re expensive for what you get.
Almost exactly the same amount of people prefer new builds as existing homes,
whilst a significant proportion show no preference.
                                                                                                                                                                   New build advantages (%)                                                                                              New build disadvantages (%)

                                                                                                                                                                     37 The sales process is much easier                                                                                  37 The rooms tend to be too small
                           36%                                                                                                                                       36 They’re easy to maintain                                                                                          37 They’re too uniform and samey
                           prefer resale                                                                                                                             32 They tend to cost less to run                                                                                     35 They’re expensive for what you get
                           properties
                                                                                                                                                37%                  30 You can choose your own colours and finishes                                                                      27 Often not well built / built to a high quality spec
                                                                                                                                                prefer new build     28 Latest technology and modern features                                                                             21 The locations they tend to be built don’t suit me
                                                                                                                                                                     26 Their look and style tends to be very attractive                                                                  19 Size and number of bedrooms aren’t suitable
                                                                                      Home type
                                                                                      preference
                                                                                                                                                                     26 More eco–friendly than a resale home
                                                                                                                                                                     22 They tend to have a good layout
                                                                                                                                                                                                                                                                          VS              18 Their look and style doesn’t appeal to me
                                                                                                                                                                                                                                                                                          17 Can’t see the final home as you have to buy off plan
                                                                                                                                                                     20 They’re really well built / built to a high quality spec                                                          16 I’ve heard bad press about new homes
                                                                                                                                                                     19 They’re often built in desirable areas                                                                            14 They’re really difficult to get as they go so quickly
                                                                                                                                                                     18 The room sizes suit my needs                                                                                      14 They’re often a bit isolated with no facilities nearby
                                                                                                                                                                     17 They’re a really good price for what you get                                                                      13 There are all sorts of legal catches in the contracts
                                                                                                                                                                     17 There are great schemes to help you buy them                                                                      11 The process is a hassle
                                                                                                                                                                     15 Range of sizes and number of bedrooms                                                                             11 I don’t like the layout of the homes

                                                                       27%                 had / have no preference
                                                                                           either way
                                                                                                                                                                     13 They have good facilities very nearby                                                                             08 Takes too long between buying and moving in

         Q7. Which of the following statements best describes how you feel / felt about buying a new build home compared to an existing home?                      Q8. Which, if any, of the statements below are the most important advantages of a new build home to you personally?
         Base: 600                                                                                                                                                 Q9. And which, if any, of the statements below are the main things that put you off buying a new build home?                                                                       15
                                                                                                                                                                   Base: 600
Insights into new homes buyers 2018 - ZPG Advantage
People are generally most engaged with messages about
choice, quality and ongoing costs
Marketing messages that focus on these areas were seen as not only the most
interesting, but also as the most believable.                                                                                                                                              03
                                                                                                                                                                                           Pre–families just
                                                                                                                                                                                           want a home
     Interesting and believable                                                                     Interesting but less believable
     Comes with a 10 year structural guarantee                                                      Built to the highest quality and stringent industry standards
     All features / appliances are brand new
     The home is immaculate and ready to move into
     60% more energy efficient than resale homes
     All colours and finishes are chosen to suit your taste

     Not universally interesting but believable                                                     Not universally interesting and less believable
     15% interest free government loan available                                                    Carefully sourced materials for minimum environmental impact
     Help to buy scheme available                                                                   Built by skilled crafts people
     Only a 5% deposit needed                                                                       Part exchange your current property
                                                                                                    Your own customer services manager
                                                                                                    Assistance in sale of current home
                                                                                                    New community and facilities built around you

            Q10a. Here are some messages new home developers could say about new build homes. For each one please tell us how interesting and motivating it would be for you personally.
            Q10b. And for each of the messages, how believable would you find them, if they came from new home developers?
                                                                                                                                                                                                               17
Insights into new homes buyers 2018 - ZPG Advantage
Those searching for a home who are yet to start a family                                                                                                        The main motivation for pre-family buyers is simply to
 were the least likely to mind what sort of home they buy                                                                                                        have their own place
 However, 34% of this group still showed a preference for new build homes.                                                                                       They’re more likely to be first time buyers than the other groups, so their main
                                                                                                                                                                 concern is getting onto the property ladder.

                                                                               Home type preference%)                                                                                                                               What they’re looking for (%)
      Don’t mind                   Resale property                              Recent new build, but has previously been owned             New build property                                                                 Pre–families             Families             Empty nesters

                                                                                                                                                                                                          Move to a bigger home                              35                                      63   11

 Pre–families                                                                                   43                 23                  16                  18                                     Move to a different location                     23                        33                           53
                                                                                                                                                                                                                Have my own place                                            57            22   10
                                                                                                                                                                                                               Move to a nicer area              20                    26         16
                                                                                                                                                                                                   Get on the property ladder                                         43          17   4
     Families                                                              32                            25             14                                 29
                                                                                                                                                                                                         Move to a smaller home         6     10                            37
                                                                                                                                                                                                         Get a particular feature             16            16        11
                                                                                                                                                                                                                        Have a change       13        14         10
Empty nesters                                                                     35                                              44            9          12
                                                                                                                                                                                                             Release some money         6        14          16
                                                                                                                                                                                                 Move closer to good schools 3                   17     1

                Q4 What would be your ideal property within your price range / was the ideal?                                                                    Q1. Which of these describe why you want(ed) to move home?
                Base: 86 286 134                                                                                                                                 Base: 86 286 137                                                                                                                              19
Pre–families are also more concerned about buying                                                                                                                            They’re most interested in messages that show how they
something that’s ready to move into than the other groups                                                                                                                    can be helped onto the property ladder
Again, due to a large proportion of them being first time buyers, the possibility of                                                                                         Money saving methods, like low deposits, help to buy schemes and cheaper running
saving money on things like decorating is appealing.                                                                                                                         costs are most likely to grab their attention.
                                                                               What’s important (%)                                                                                                                                            Message interest in order of importance (%)
                                                            Pre–families                          Families                         Empty nesters                                                                                                     Pre–families                       Families                    Empty nesters

                                                                                                                                                                                                                  Comes with a 10 year structural guarantee                                                         28                                  38               39

                                           Location of the property                                                        74                       64                  85                      The home is new, immaculate and ready to move into                                                                     30                                    38         34

                                                 Number of bedrooms                                                 59                         62                  62                                 60% more energy efficient than an existing home                                                                  31                                   35          37

                                                         Size of the rooms                                    48                          56              51                                      All colours and finishes are chosen to suit your taste                                                          26                                   37          28

                      Neighbourhood / people in the area                                                    45                       49                       67                    Built to the highest quality and stringent industry standards                                                            21                               34                  32

                                      Size of the property overall                                              52                       47               55                                                                               Built by skilled crafts people                                 17                       27                       24

                             Garden / garage / other features                                          37                          51               51                                                                                        Only a 5% deposit needed                                                30                          29         10

                                                         Type of property                                      50                   40                   60                   Carefully sourced materials for minimum environmental impact                                                                17                      26                   20

                                    Overall look of the property                                                52                  38                   57                                                    15% interest free government loan available                                                  19                          30         11

                              Ready and needs nothing doing                                            35           25              30                                                                           Assistance in the sale of your current home                                              17                        28                 19

                  Property I can work on and customise                                             27          24            28                                                                                            Part exchange your current property                                    10                         28               17

                                                             Low outgoings                          29         24            25                                                                                           Your own customer services manager                                         13                         28           13
                                                                                                                                                                                                                                                Has a help to buy scheme                                       23                       26         4
                                                                                                                                                                                    A new community and new facilities will be built around you                                                      12                20          5

          Q2a. Which, if any, of the following are / were important to you, when looking for a property within your price range?                                             Q10a. Here are some messages new home developers could say about new build homes. For each one please tell us how interesting and motivating it would be for you personally.
                                                                                                                                                                             Base: 86 286 134                                                                                                                                                                                 21
Families buy the most new build properties

04
Families want
                They have a stronger disposition for new builds than any other group in the market.

                                                                                         Pre–families
                                                                                                      Home type preference (%)
                                                                                                                             Families                  Empty nesters

it easy
                                                    51                                                                                                                                      49

                                                                                                                                                                       37

                                                                                                                 33
                                      29                                                                                                    30                                   27

                                                                  22                                                          22

                                         Prefer new build                                                            No preference                                          Prefer resale

                Q7. Which of the following statements best describes how you feel / felt about buying a new build home compared to an existing home?
                Base: 86 286 134
                                                                                                                                                                                                 23
They like that new builds are easier to maintain and                                                                                                                     Their main motivation is getting a bigger home
the sales process is easier                                                                                                                                              in a desirable area
This is likely to be because they’re busy and have a lot of responsibilities                                                                                             Unsurprisingly, this includes being close to good schools.
to manage, so convenience is key.
                                                                        Advantages of new homes (%)                                                                                                                                                            What they’re looking for (%)

                                     They’re easy to maintain                                                                                                       34
                                                                                                                                                                                                                               To move to a bigger home                                                               63
                       The sales process is much easier                                                                                                        31
                                                                                                                                                                                                                      To move to a different location                                                            33
     You can choose your own colours and finishes                                                                                                         29
                                                                                                                                                                                                                                      To have my own place                                             22
          Look and style tends to be very attractive                                                                                                     28
                                                                                                                                                                                                                                    To move to a nicer area                                                 26
              More eco–friendly than a resale home                                                                                                       28
                                                                                                                                                                                                                        To get on the property ladder                                             17
                              They tend to cost less to run                                                                                         26
                                                                                                                                                                                                                             To move to a smaller home                                  10
      Latest technology and most modern features                                                                                               23
                                                                                                                                                                                                                               To get a particular feature                                    16
                       They tend to have a good layout                                                                                         23
                                                                                                                                                                                                                                               To have a change                              14
               They’re often built in desirable areas                                                                                      22
                                                                                                                                                                                                                                   To release some money                                     14
They’re really well built / built to a high quality spec                                                                                  21
                                                                                                                                                                                                                     To move closer to good schools                                               17
        They’re a really good price for what you get                                                                                      21
                            The room sizes suit my needs                                                                              20
     There are great schemes to help you buy them                                                                                    19
            Range of sizes and number of bedrooms                                                                           15
               They have good facilities very nearby                                                                        15

               Q8. Which, if any, of the statements below are the most important advantages of a new build home to you personally?                                       Q9. And which, if any, of the statements below are the main things that put you off buying a new build home?
               Base: 286                                                                                                                                                 Base: Families 286
                                                                                                                                                                                                                                                                                                                           25
They respond better to messages about loans and ease
than other groups
But they’re significantly less interested in the quality of the build and the skill
of the builders.
                                                     Message interest in order of importance (%)
                                                                                                                                                                                                   05
                                                                                                                                                                                                   For empty
                                                            Pre–families                       Families                    Empty nesters
                                                                                                                                                                                                   nesters, it’s all
                         Comes with a 10 year structural guarantee
          The home is new, immaculate and ready to move into
                                                                                                                           28
                                                                                                                              30
                                                                                                                                                                38
                                                                                                                                                                    38
                                                                                                                                                                                              39
                                                                                                                                                                                             34    about location
             60% more energy efficient than an existing home                                                                  31                                35                           37
           All colours and finishes are chosen to suit your taste                                                        26                                    37                       28
   Built to the highest quality and stringent industry standards                                                    21                               34                             32
                                                 Built by skilled crafts people                                 17                        27                        24
                                                     Only a 5% deposit needed                                                30                           29        10
Carefully sourced materials for minimum environmental impact                                                    17                       26                    20
                      15% interest free government loan available                                                 19                           30         11
                        Assistance in the sale of your current home                                             17                         28                  19
                                  Part exchange your current property                                    10                         28               17
                                 Your own customer services manager                                         13                         28            13
                                                       Has a help to buy scheme                                       23                        26        4
       A new community and facilities will be built around you                                             12                  20         5

             Q10a. Here are some messages new home developers could say about new build homes. For each one please tell us how interesting and motivating it would be for you personally.
             Base: 86 286 134                                                                                                                                                                                          27
For those looking for a new home after their children move                                                                                     Empty nesters have the longest list of things to get right,
out, it’s all about finding a smaller property in a good location                                                                              including location, neighbourhood and property type
Unsurprisingly, the need to get onto the property ladder and have their own place                                                              They therefore take an average of 8 months to find a suitable property,
aren’t of great concern for this group.                                                                                                        longer than any other group.
                                                           What they’re looking for (%)                                                                                                                                                     What was important (%)
                                                      Pre–families             Families                  Empty nesters                                                                                                      Pre–families                         Families                Empty nesters

                                                                                                                                                                                                       Location of the property                                                    74                      64                      85
                              To move to a bigger home                                     35                                        63   11
                                                                                                                                                                                                            Number of bedrooms                                                59                      62                  62
                      To move to a different location                            23                         33                            53
                                                                                                                                                                                                                    Size of the rooms                                   48                     56                51
                                    To have my own place                                                     57            22   10
                                                                                                                                                                                  Neighbourhood / people in the area                                                    45               49                          67
                                  To move to a nicer area                      20                    26           16
                                                                                                                                                                                                  Size of the property overall                                           52                   47                 55
                       To get on the property ladder                                                43           17    4
                                                                                                                                                                                        Garden / garage / other features                                           37                   51                 51
                            To move to a smaller home                 6    10                              37
                                                                                                                                                                                                             The type of property                                        50              40                     60
                             To get a particular feature                   16             16        11
                                                                                                                                                                                         The overall look of the property                                                52              38                     57
                                            To have a change              13        14         10
                                                                                                                                                                                          Ready and needs nothing doing                                            35         25         30
                                 To release some money                6        14          16
                                                                                                                                                                         Property I can do work to and customise                                               27        24         28
                         Move closer to good schools 3                         17     1
                                                                                                                                                                                                               It has low outgoings                             29       24        25

                                                                                                                                                     5 months
                                                                                                                                                    On average for pre-families
                                                                                                                                                                                                                                7months
                                                                                                                                                                                                                               On average for families
                                                                                                                                                                                                                                                                                                    8 months
                                                                                                                                                                                                                                                                                                    On average for empty nesters
                                                                                                                                                    to find a property                                                         to find a property                                                   to find a property

         Q1. Which of these describe why you want(ed) to move home?                                                                            Q2a. Which, if any, of the following are / were important to you, when looking for a property within your price range?
         Base: 86 286 137                                                                                                                                                                                                                                                                                                               29
Empty nesters currently have the lowest disposition

06
Empty nesters
                  towards new homes
                  Almost half of them currently express a preference for resale properties,
                  making them a tricky target but also one with great opportunity.
                                                                                                         Home type preference (%)

are an untapped                                                                             Pre–families                       Families                  Empty nesters

market                                                                Prefer new build                                         No preference                             Prefer resale

                                                                                        29                                                    33                                  37

                                                                                                                             51                            22                     27

                                                                            22                                                30                                                  49

                  Q7. Which of the following statements best describes how you feel / felt about buying a new build home compared to an existing home?
                  Base: 86 286 134
                                                                                                                                                                                         31
However, they also see the advantages of new build                                                                                                                                   Empty nesters are most interested in messages about
properties more than the other groups                                                                                                                                                guarantees and energy efficiency
They’re well aware of the ease of buying, running and eco–friendliness of new homes.                                                                                                 Marketing messages that focus on these areas may help developers tap into this
                                                                                                                                                                                     relatively disengaged demographic.
                                                          Advantages of a new build home (%)                                                                                                                                                                         Message of highest interest (%)
                                                        Pre–families                      Families                      Empty nesters                                                                                                                        Pre–families                      Families                     Empty nesters

                                       The sales process is much easier                                                  33                           31                        49
                                                                                                                                                                                                                          Comes with a 10 year structural guarantee                                                          28                                     38              39
                                                    They’re easy to maintain                             16                             34                                 51
                                                                                                                                                                                                         The home is new, immaculate and ready to move into                                                                    30                                       38         34
                                             They tend to cost less to run                                    21                       26                             48
                                                                                                                                                                                                               60% more energy efficient than an existing home                                                                  31                                  35             37
               You can choose your own colours and finishes                                                         29                           29              32
                                                                                                                                                                                                          All colours and finishes are chosen to suit your taste                                                           26                                      37         28
                          Latest technology and modern features                                                    27                   23                      37
                                                                                                                                                                                            Built to the highest quality and stringent industry standards                                                             21                                34                   32
             Their look and style tends to be very attractive                                                           31                       28        22
                                                                                                                                                                                                                                                   Built by skilled crafts people                                 17                         27                         24
                            More eco–friendly than a resale home                                          19                           28                  33
                                                                                                                                                                                                                                                       Only a 5% deposit needed                                                30                           29          10
                                       They tend to have a good layout                                             26                  23             16
                                                                                                                                                                                      Carefully sourced materials for minimum environmental impact                                                                17                        26                     20
        They’re really well built / built to a high quality spec                                          19                   21                18
                                                                                                                                                                                                                       15% interest free government loan available                                                  19                            30         11
                               They’re often built in desirable areas                                         20                  22        10
                                                                                                                                                                                                                         Assistance in the sale of your current home                                              17                          28                   19
                                            The room sizes suit my needs                                  19                   20        12
                                                                                                                                                                                                                                    Part exchange your current property                                    10                          28               17
                   They’re a really good price for what you get                                          15                  21        13
                                                                                                                                                                                                                                   Your own customer services manager                                         13                          28           13
              There are great schemes to help you buy them                                                     24                 19        9
                                                                                                                                                                                                                                                        Has a help to buy scheme                                        23                        26 4
                         Range of sizes and number of bedrooms                                            19              15        12
                                                                                                                                                                                                    A new community and facilities will be built around you                                                  12                  20 5
                              They have good facilities very nearby                                 10             15        11

         Q8. Which statements are the most important advantages of a new build home to you personally?
                                                                                                                                                                                     Q10a.Here are some messages new home developers could say about new build homes. For each one please tell us how interesting and motivating it would be for you personally.
         Base: 86 286 134
                                                                                                                                                                                     Base: 86 286 134
                                                                                                                                                                                                                                                                                                                                                                                         33
New builds tend to appeal to women less than men

07
Help women
                However, 26% of women claimed to have no preference either way,
                so a significant proportion are still open to the idea of new builds.

                                                           Property type preference (%)

visualise and            Preferred new build   Had / have no preference either way   Preferred existing   Don’t know

personalise     Female                                     35                        26                                36   3

                  Male                                          40                   22                                 36 2

                Base: Men 292 Women 308
                                                                                                                            35
Women are put off by having to buy off plan                                                              The ability to personalise their new home is important
They like to be able to see what they’re buying, and be reassured that                                   to women
they’re getting quality and value for money.
                                                                                                         They’re likely to be attracted by messages that highlight ways they can put
                                                                                                         their own stamp on a property.
                                        Disadvantages of a new build home (%)
                                                   Female      Male

      Can’t see final home as                                    21
        have to buy off plan                       13
                                                                                                                                              Most important message about a new build home (%)
                                              10                                                                                                               Female     Male
Legal catches in the contracts
                                                         16
                                                                                                                                                                                                                 37
                                                                                                    39   All colours and finishes can be chosen
  Expensive for what you get                                                                                                                                                                           28
                                                                                     31
                                                                                                                                                                                                            29
                                                                                     31                                      Only 5% deposit needed
                Not well built                                                                                                                                                        20
                                                                      23
                                                                                                                                                                                                  27
                                                                                                         Built with carefully sourced materials
                                                                                                                                                                                 18
                                         Advantages of a new build home (%)
                                                   Female      Male

    You can choose your own                                                               34
         colours and finishes                                              25

                                                                                27
              Cost less to run
                                                                                               37

              Base: Men 292 Women 308
                                                                                                         Base: Men 292 Women 308
                                                                                                                                                                                                                 37
People were shown real new homes adverts – those

08
Show me the dream
                    focusing on people and lifestyle were most liked
                    People want to visualise being in their new homes and picture the aspirational
                    lifestyle they could have there.

                                                                                          14%
                                                                                          Least liked                                          Life
                                                                                                                                                      st y
                                                                                                                                                             le
                                                                                                                                                                  fo
                                                                                                                                                                             35%

                                                                                                                                                                   cu
                                                                                            d

                                                                                                                                                                       se
                                                                                          da
                                                                                                                                                                             Liked most

                                                                                                                                                                       da
                                                                                    use

                                                                                                                                                                        d
                                                                                                                                                                             by 35+

                                                                             l foc
                                                                       C o n ce p t u a
                                                                                                        Advert liked most

                                                               25%
                                                    Liked most by
                                                those whose ideal
                                                    is a new build

                                                                                                           P ro p e r t y f o c u s e d
                                                                                                                                          ad          26%                   Liked most
                                                                                                                                                                            by 18-34s

                    Q25.Which of these adverts do you like the most?
                    Base: Total sample, 600
                                                                                                                                                                                          39
Ads depicting aspirational lifestyles were seen                                                                                                                  Ads highlighting the development’s specific facilities were
as most appealing                                                                                                                                                also seen as appealing
By allowing people to focus on the perceived benefits of life in a new home,                                                                                     Again, they helped depict what living there would be like, allowing people to imagine
the advert drew attention away from statements around price.                                                                                                     themselves in the home.
                                                                Why people picked the advert (%)
                                                                                                                                                                                   “Presents the most realistic images of
                                                                                                                                                                                 what I would like to see in a new property.                                         “I have a child so
                       Showed people enjoying their home                                                                                 42                                      They also offer information on the nearest
                                                                                                                                                                                                                                              “Shows a              the extra facilities
                                                 It looked aspirational                                                         36                                               facilities to the property eg train stations,                                         shown on the
                                                                                                                                                                                                                                             park in the
                                                                                                                                                                                    which is an important factor to me.”                                            advert piqued my
                                Simple and easy to understand                                                            31                                                                                                                neighbourhood
                                                                                                                                                                                                                                           and for parents               interest.”
                                                  Showed the location                                               24
                                                                                                                                                                                                                                           that is enticing.”
                                                  It felt relevant to me                                            24
                                                    Uncluttered design                                         20
              Showed the sort of home I am looking for                                                    14                                                                                             “Clear picture
                                                                                                                              “The images are really striking
                                                                                                                                                                                                        of the buildings
            It talked about ways of making it affordable                                             12                        and I can relate to the people
                                                                                                                                                                                                       and information
                                                                                                                                featured in the advert. I like
           It showed / mentioned all the facilities it has                                           12                                                                                               that invites further
                                                                                                                                 the amount of information
                                                                                                                                                                                                           enquiries.”
                                   Gave the prices of the homes                                  7                               included in this advert, it’s
                                                                                                                                                                                                                                  “The focus is on the home                       “Shows the
                                                                                                                              useful but not overwhelming.”
                                                                                                                                                                                                                                  and the area but also gets                   property and isn’t
                                                                                                                                                                                                                                 across the lifestyle it offers.”               claiming to only
                                                                                                                                                                                                                                                                                have a few left.”
                                                                  “The advert adds a personal touch.
      “Shows the potential                                       Seeing humans enjoying themselves,                                                                     “It shows a community connection.”
   lifestyle you could have.”                                        rather than just a building.”

            Q26. Why did you pick that one? Q27. What made that advert better than the others?                                                                   Q26. Why did you pick that one?
            Base: Those choosing advert 1, 213                                                                                                                   Base: Those choosing advert 2, 153
                                                                                                                                                                                                                                                                                                    41
Simplicity in the adverts helped clearly depict the look of the                                                         Conceptual adverts were the least liked, but their honesty,
developments, which worked well                                                                                         simplicity and originality were appreciated
Ads having a clean, modern and futuristic feel were also seen as appealing.                                             Doing something different can help you stand out. As long as your key messages are
                                                                                                                        clearly conveyed, getting creative may not be a bad thing, if done well.

      “It has clear details and information
         about the new properties. I can                               “You can                                                                                                   “Easy to get the
          see straight away most of the                              see what the                                                                                                 message, not too
       information on bullet points and it                           apartments                                                                                                   wordy and gives
                                                                   look like and see               “Clear layout and                                                               the affordable
        would make me want to call up to
                                                                     people living                 the bullet pointed                               “I like how                      options.”
          view some of the properties.”
                                                                        in one.”                     information is                           it shows a price and
                                                                                                   easy to read. Not                          what you get for that
                                                                                                     too cluttered.”                          price. It’s straight to
                                                                                                                                               the point and clear
                                                                                                                                                 to see what the                                         “Quirky and
                                                                                                                                                  advert is for.”                                    different and makes
                                                                                                                                                                                                         you read it.”
                                                 “Look
                                               futuristic.”
             “Like the
          graphics – very                                                              “Seems modern, clean and
                                                                                        gives a good impression                                                                    “It’s different
           continental.“
                                                                                         of the final look of the                                                                 and precise, not
                                                              “Nice modern                   development.”                                                              “Cute.”      cluttered.”
                                                                buildings.”

          Q26. Why did you pick that one?                                                                               Q26. Why did you pick that one?
          Base: Those choosing advert 3, 149                                                                            Base: Those choosing advert 4, 85
                                                                                                                                                                                                                           43
Based on responses to the adverts, there emerged some key
considerations for advertising

             1                       2                         3                         4
                                                                                                        09
                                                                                                        Property portals
      Show the dream           Keep it simple              Be honest                Avoid jargon        are key
     What it will be like    Keep copy succinct         People saw ‘last        ‘Cheesy exaggeration’
       living there          and the layout easy      chance’ statements          that makes your ad
                                 to navigate              as insincere              seem contrived

             5                       6                         7                         8
       Help people              Highlight the           Provide enough
        visualise                end point                information             Show the people
      What the final        A greater home, rather   To pique interest, don’t   The community that
     development will        than focusing on the    include too much detail      it’s designed for
         look like                 process

                                                                                                                           45
Portals are a crucial part of the property search journey                                                                                                                         57% of people used a property portal as their first port of call
Three quarters of those looking for new build homes said they used property portals                                                                                               when searching for a property
during their search.
                                                                                                                                                                                  The majority of home hunters look on a portal in the beginning.

                                          All information sources when looking for a property (%)                                                                                                                       2% 1% 1% 1% 1%
                                                                                  New builds                         Resale homes                                                                             3%
                                                                                                                                                                                                    4%
                                                                                                                                                                                                                                                                         Property portals
                                                                         Property portals                                                                    75              82           5%                                                                             New build developers’ websites
                                   Local estate agents on the high street                                                           42                                  50
                                                                                                                                                                                                                                                                         Local estate agents on the high street
                                                  Local estate agents’ websites                                                  37                                46
                                                                                                                                                                                                                                                                         Local estate agents’ websites
                                             New build developers’ websites                                                                 52                                     7%                                                                                    A general Google search
                                                           A general Google search                                    23                    29
                                                                                                                                                                                                                                                                         Local newspapers
                                                                      Local newspapers                                       32                 25                                                                 First place searched (%)
                                                                                                                                                                                                                                                                         Leaflets from estate agents that came through the door
   Looking around a potential new build property / show home                                                         21
                                                                                                                                                                                                                                                                         Looking around a potential new build property / show home
                                 Brochures from new home developers                                                18
                                                                                                                                                                                                                                                                         Leaflets from new build developers that came through the door
       Leaflets from estate agents that came through the door                                                    17 10                                                               9%                                                                                  Talking directly with new build developers
                          Talking directly with new build developers                                            15
                                                                                                                                                                                                                                                                         Brochures from new home developers
Leaflets from new build developers that came through the door                                                 12
                                                                                                                                                                                                                                                                         Other
                                                                                                                                                                                                    9%                                                             57%

             Q11. What was your first port of call when you started looking for a property? + Q12. And where else did you look / are you looking for properties?                  Q11. What was your first port of call when you started looking for a property?
             Base: Those looking for each type of property 253 462                                                                                                                Base: Total sample 600
                                                                                                                                                                                                                                                                                                                                     47
Portals were shown to be the preferred first                                                                                                                                  64% of those getting in touch with new home developers do
point of reference                                                                                                                                                            so via a property portal
This was the case across the board; the majority of pre–families, families and empty                                                                                          Whether it’s through the portal itself, or by getting directly in touch with a developer that
nesters all started their home buying journeys on portals.                                                                                                                    they found on one, most people first find the developers they contact on portals.
                                                     First port of call when looking for a property                                                                                                                                   Channel of first contact with new home developer (%)
                                         Property portals                              New build developers           Local estate agents
                                         Google search                                 Local newspapers               Other                                                                                      I was on Zoopla, I saw them and made an enquiry through Zoopla                                                                      24
                                                                                                                                                                                                   I was on Rightmove, I saw them and made an enquiry through Rightmove                                                                         22
                                                                                                                                                                               I was on another property portal, saw them and made an enquiry through that portal                                                                      9
     Average                                                                                                57             14                19           5       4       1                                                                                                                                                                               64%
                                                                                                                                                                                                                        I saw them on Zoopla, and got in touch with them afterwards                                    3
       North                                                                                           52        11                         24            6       4       1
                                                                                                                                                                                                                 I saw them on Rightmove, and got in touch with them afterwards                                        3
    Midlands                                                                                                     64              12          14           6       4       1
                                                                                                                                                                                          I saw them on another property portal, and got in touch with them afterwards                                                 3
       South                                                                                                57                  17               18           5       4
                                                                                                                                                                                           The new build developer came up in a Google search and I clicked on their site                                                          8
 Pre–families                                                                                                    62              11         14                8       3
                                                                                                                                                                                     I saw direct marketing (email, direct mail, leaflet) from them and then got in touch                                                      6
     Families                                                                                    49                      20                 19        5               7
                                                                                                                                                                                          I saw development / signage for development as I was passing and got in touch                                                                    13
Empty nesters                                                                                                     64       5                 20            6 2            2
                                                                                                                                                                                                                       Friends and family told me about them and then I got in touch                                       4
   New build                                                                                      50                                  29              16          5       1
                                                                                                                                                                                                                           An estate agent told me about them and then I got in touch                                  1
 Resale home                                                                                                     64                    17         13              6       1
                                                                                                                                                                                                    I had already heard of them, so got in touch directly to see what they had                                         3

            Q11. What was your first port of call when you started looking for a property?                                                                                    Q22. Which of the following best describes how you first got in touch with (developer name)? Base: Those contacting any developers 220
            Base: 600 292 308 203 245 152 206 151 243 496 104 86 224 134 253 462
                                                                                                                                                                                                                                                                                                                                                            49
Portals also have the most positive impact on a person’s
interest in a property
However, a combined and integrated approach to marketing is important
for building interest
                                                Impact of touchpoints on interests in a property (%)
                                                                                                                                                                       10
                                                                                                                                                                       ZPG leading
                                                                                                                                                                       the way
                                                                      Portals (average)                                                                           58
            Looking around a potential new build / show home                                                                                                 55
                                                          Estate agents’ websites                                                                       50
                                            Estate agents on the high street                                                                            49
                                            New build developers’ websites                                                                         45
                                Brochures from new home developers                                                                             43
                                            Talking to new build developers                                                                   42
Leaflets from new build developers that came through the door                                                                             40
       Leaflets from estate agents that came through the door                                                                            38
                                                                    Local newspapers                                                35

              Q16: For each of these, how much of a positive impact did they have on your interest in a particular property(ies)?
              Base: Sources used (top to bottom) 463 93 256 268 168 188 76 53 35 65 159                                                                                              51
ZPG’s combined portal approach comes out on top for those                                                                               Zoopla is best known for having useful tools to help with
searching for new homes                                                                                                                 the property search
Having portals that advertise all types of homes, combined with a specialist portal                                                     Onsite tools to help consumers find, move and manage their properties are
just for new builds, mirrors how consumers are searching in the market.                                                                 resonating well with Zoopla’s users.

                                                                        Property portals used (%)                                                                                                    Portal features among main users of each site (%)
                                    Researching new homes                        Found new home they eventually bought                                                                                Main portal users Zoopla   Main portal users Rightmove

                                                                                                                                                                                                                                                                               90
                                                                                                                                   64    Lots of useful tools to help with your property search
 ZPG net (Zoopla, SmartNewHomes, PrimeLocation)                                                                                                                                                                                                                           78
                                                                                                                         47
                                                                                                                                                                                                                                                               58
                                                                                                                              53                                      Has a good range of new build homes
                                                            Rightmove                                                                                                                                                                                    53
                                                                                                               36
                                                                                                                                                                                                                                                                     67
                                                                                                       24                                   Helps you find homes you may not have considered
                                                     OnTheMarket                                                                                                                                                                                                    65
                                                                                             17

                                                                                   10
                                            NewHomesForSale
                                                                                                  22

                                                                                        14
                                                      None of these
                                                                                                   24

            Q15. Which of these portals did you...?                                                                                     Q18. As far as you know, which of the property portals...?
            Base: All who bought a new home and used a property portal 58                                                               Base: Main portal users of each site 112 300                                                                                           53
42% of those searching for a new build home have no

11
Room for
                   preference for a developer – the property is the focus
                   Although awareness of the larger developers is relatively high, in comparison those
                   that said they’d actually consider using them was low.
                                                                                               New home developers breakdown
developers to                                                   Could name a developer                                   Had no preference                                  Have contact no one

build preference                                                                                                        80%
                                                                                                                        61%
                                                                                                                        42%

                   Q19. Which of these new home builders / developers have you heard of? Q20. If you were thinking of buying a new home, which of these new home builders / developers would you consider looking at?
                   Q21a. During the process of buying a property, did / have you been in touch, in any way at all, with any of these new home builders / developers?                                                    55
                   Base: Total sample 600, Those aware of any developers 558
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