Insights into new homes buyers 2018 - ZPG Advantage
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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
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
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
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
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
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
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
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
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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