Forric Homes End of Year Review

Forric Homes End of Year Review

Forric Homes End of Year Review

As the year draws to a close, we’re taking a moment to look back at 2024 — a year defined by shifting market conditions, confident buyer sentiment in key pockets of the North East, and three significant completions across our portfolio.

Despite national uncertainty around interest rates and affordability, the North East continued to benefit from strong demand for well-designed, well-located homes. Quality, space and thoughtful layouts remained the top priorities for families — themes that shaped every development we delivered this year.

Market Conditions in 2024: Stability, Caution and Strong Demand in the Right Areas

The property market in 2024 moved through two clear phases:

Early 2024 — Caution and Hesitation

  • Buyers paused to see where interest rates would settle
  • Transaction volumes slowed nationally
  • New build buyers were focused on affordability, EPC ratings and long-term running costs

Late 2024 — Momentum Returning

By autumn, confidence strengthened as:

  • Interest rate expectations stabilised
  • Inflation cooled
  • More buyers re-entered the market
  • Homes offering energy efficiency and generous layouts outperformed the wider market

Across our developments, we continued to see steady interest from families prioritising:

  • Rural or village living
  • Quality over quantity
  • Practical floorplans
  • Homes that feel calm, solid and well-built

This aligned closely with the homes we delivered in 2024.

What We Delivered in 2024

High Steads, White-Le-Head — Completed

This year marked the full completion of High Steads, a development shaped by the character of its setting in White-Le-Head.

We delivered:

  • A cohesive collection of homes
  • Architecture inspired by local stone, brick, tiled roofs and pantiles
  • Carefully considered layouts built around light and flow
  • Premium internal finishes throughout
  • Landscaping that now frames the development beautifully

High Steads came to embody everything we value — context-led design, craftsmanship and a calm, settled sense of place.

Medomsley Mews — Completed

Medomsley Mews, a smaller, characterful scheme, also reached completion in 2024.

Key highlights included:

  • A quiet, village-centre setting
  • Traditional detailing that complements the surrounding homes
  • Well-proportioned internal layouts
  • A strong community feel from the outset

Occupiers consistently commented on the charm of the location and the practicality of the homes — proving that smaller developments can deliver exceptional lifestyle value.

 

Malton House, Lanchester — Our First Bespoke Collection Home

The final major milestone of 2024 was the completion of Malton House, a 3,000 sq ft flagship home that marks the beginning of our Bespoke Collection.

This home introduced a new level of design and specification, defined by:

  • Generous ceiling heights
  • Large-format glazing
  • A sweeping, statement hallway
  • Premium natural materials throughout
  • A warm, soft, timeless interior palette
  • Full staging by Katy Green Design

As the first home in the Bespoke Collection, Malton House set a new benchmark for the craftsmanship, spatial planning and interior quality we aim to deliver at this level.

The launch event attracted strong attention and received exceptional feedback — reinforcing the appetite for high-end rural homes in the North East.
A Year That Strengthened Our Foundations

Looking across all three completions, a clear theme emerges:

2024 was the year Forric Homes became even more defined by its design-led approach and commitment to delivering homes with longevity.

We saw consistent demand from buyers who valued:

  • Village environments
  • Thoughtful layouts
  • High-quality specification
  • Homes that feel intentional at every turn

These are the priorities we will continue to carry forward into 2025 and beyond.

Looking Ahead to 2025

As we move into 2025, we are building on the foundations set this year with:

  • New developments shaped by the same design-led principles
  • Further growth of the Bespoke Collection
  • Continued focus on energy performance and future-ready homes
  • More emphasis on creating communities, not just houses

2024 was a milestone year for Forric Homes.

2025 will be a year of growth, refinement and the next chapter of delivering homes shaped by design, craft and place.