Property Price News - New builds continue to be great value for money

publication date: Jun 24, 2010
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Property Price News - New builds continue to be great value for money

New build property price news - New build prices continued to edge forward in April, but are still only selling out at the same price as last year. Over the last 12 months, average new build prices have been as high as £220,000 but then dropped to around £212,000, so appear to be yo yo' ing, but the current trend is really 'flat' prices.

Due to demand not really picking up year on year, prices for new builds continue to be great value for money as they are still not attracting premiums over second hand homes, yet offer more guarantees and most importantly, have a high energy rating so are cheaper to keen warm.

According to Smartnewhomes' index, semi detached properties are the most popular followed by townhouses. Simon Bexon from Smartnew homes suggests that "Detached homes on smaller developments within commuting distance of larger regional towns, London or hte South East's airports are holding their own".

For all the up to date new homes data, regional performances and market analysis READ MORE.

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