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Newbuild values rising faster than existing properties, says report

Thu 22 Nov 2018

Newbuild values are rising at a much greater rate than existing property values, according to a study by property management experts.

Which is great news for people looking to buy a brand new home in Warwickshire – as ehB Residential currently has several new build schemes available - from town centre to village locations.

Contact Josephine Wilcox-Smith for more information at jws@ehbresidential.com and read about some of them in this newsletter.

The report by DJ Alexander says that over the last year the average value of new build properties across the UK has increased by 8.5 per cent at a time when existing property values only rose by 2.9 per cent.

England saw new build prices rise by 2.8 per cent, with Welsh properties increasing by more than 10 per cent.

Across the English regions the highest newbuild value increase occurred in the East Midlands at 9.6 per cent. For existing properties, the highest increase was 4.7 per cent jointly in the East and West Midlands.

The analysis found that this a long-term trend with average new build values increasing by 42 per cent over the last five years compared to an existing property value increase of 31.9 per cent.

"I must say that both my partner and I were absolutely delighted with the Estate Agent that conducted the viewing with us on Saturday. We have been searching for a property for some time now and of all the professionals that we have met in the industry, he genuinely was the most pleasant, charming and straight forward man! We are hopeful that we can find the property for us through ehB as we are so impressed with the service provided. Best wishes"
Pippa

News Archive

April 2021

Demand outstrips supply as March date sees highest property sales in a decade

February 2021

Demand for family homes is driving price rise, as ONS announces 8.5% annual increase

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January 2021

Early signs for 2021 property market look promising

Brexit deal, vaccine and lockdown are fuelling house moves

December 2020

Why not move to Leamington Spa? It’s officially the UK’s third happiest town

November 2020

Covid mega lab announcement puts Leamington on the house hunting map for biomedical and data scientists

Demand for family homes continues as Leamington named third happiest town in UK

Developer creates large luxury homes for people who don’t like gardening

Explosion in demand for family homes sees sales double at ehB Residential

October 2020

ehB Residential welcomes government pledge to help first time buyers

ehB celebrates a record breaking summer with our lettings department

September 2020

Million-pound townhouses offer Scandi-style living in Regency theme park

Leamington developer makes showhome video to help overseas or quarantined buyers

Open day offers chance to view contemporary townhouses in Regency setting

Desire for new lifestyle post Covid is driving price rises in Leamington

July 2020

Covid crisis sees airbnb landlords switch to longer term rentals, says estate agency ehB

ehB Residential welcomes stamp duty holiday

February 2020

ehB helps Milverton youngsters raise cash for playground equipment

ehB wins gold award for being best lettings agent in Leamington

January 2020

Rightmove report shows ehB was Leamington’s number one estate agency in 2019

December 2019

ehB celebrates best autumn in three years – despite Brexit

November 2019

Call us now to get you moving

We would like to take this opportunity to reassure all of our clients
- sellers, landlords, buyers and tenants that we are taking all reasonable
steps to protect the health of our clients and our team during the Covid -19
Outbreak. We are following the government and industry guidelines to estate
agents and lettings agents, and are conducting viewings and valuations in
person wearing suitable protection to include facemasks and gloves. We are
also available to offer virtual viewings and valuations should you require that
service. We would be happy to discuss these measures with you further should
you require any further information.
 
Leamington Office 01926 881144 or info@ehbresidential.com
Warwick Office 01926 499540 or warwick@ehbresidential.com
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