Posted in Minoli
23rd February 2024
It’s fair to say that the economic turbulence of the last 12 months contributed to a level of uncertainty in the construction and property markets, for both housebuilders and homebuyers. Along with rising prices for many building materials and labour, plus a sequence of changes to UK building and planning regulations, there have also been overall increases in the cost of living for consumers, and hefty hikes in interest rates that put pressure on both corporates and consumers.
However, as we look ahead early in 2024, it seems that on the whole, homeowners have shown more resilience than predicted and have perhaps found ways to adapt, adjust and make it through the spike. And while builders and developers have shown prudence in regard to the rate of completions, forecasts are that there will be circa 150,000 construction starts in 2024, which is in line with last year’s figures.
It seems likely inflationary pressure will somewhat moderate the offered price for houses and that house prices may dip this year, but with interest rates now stabilised and potentially reducing, there’s hope for an uptick in demand and for the viability of projects to improve.
Despite a sense of cautious optimism, the path to market stability and growth will likely be measured and the industry must also prepare to comply with the Future Homes Standard from 2025 onwards, adding additional costs for improved insulation, air / ground source heating and triple glazed windows.
With these market challenges in mind, and acknowledging the day-to-day needs of our key clients, here at Minoli we have taken further steps to uphold the fundamentals of our business model with regard to a strong stockholding of high-grade products and a very competitive price positioning.
Minoli’s Core ranges continue to demonstrate how our selective sourcing strategy, allied to our longstanding relationships with top-flight production plants, have allowed us to restructure our product offering to our housebuilder and developer clients, and retain our price positioning to represent better value than ever.
Alongside the established and frequently specified series in our existing Core Essentials Collection, we will shortly be introducing a further 8 new ranges that accord with the quality and creativity that our property developer clients require, within the cost constraints that prevailing market conditions demand, but without compromise to the overall design intent.
Including new designs with stone, marble, wood and concrete-effect finishes, in porcelain and ceramic, plus coordinating décor ranges, they have been all been chosen for design and style aesthetics, but with affordability and durability very much in mind.
Over the next few weeks, we’ll be sharing details of these exciting new series, which represent a significant expansion to the Minoli catalogue. With some of these products already in transit to our centrally located warehouse and distribution centre in Oxford, we’re sure to soon exceed our UK stockholding of circa £4 million in net cost value.
What’s more, with all these products to be held in plentiful stock, and with our own fleet of Minoli trucks and drivers, the new ranges will soon be readily available for prompt delivery to fulfil builds in the fit-out phase and future developments.
You can see the full current Core Collection here.
FOR MORE INFORMATION
If you’d like to talk to our team about the any of the Minoli Core Collections or to order samples, please do get in touch. We’d gladly discuss your needs on the phone, arrange a time for a design consultation at one of our showrooms or, for our corporate clients, arrange a meeting with your account manager.
Minoli Oxford – 01865 778225 / info@minoli.co.uk
Minoli London – 020 7474 2934 / thesurfacewithin@minoli.co.uk
Corporate Clients – Please contact your account manager directly / developers@minoli.co.uk