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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.
"Chris and the team at eHB have provided my wife and I with an amazing service. Given we are the other side of the world in Sydney, selling a house in the UK can be challenging/daunting. Chris made sure that the whole process was incredibly smooth. eHB provided us with sound advice, have been very efficient and quick to follow up any queries. We have also used eHB to rent the property for the last 7 years and it's been a great experience. The vetting and qualification process for both tenants and buyers has been sound. We have had amazing tenants and we had a great long list of potential buyers that were well qualified. Chris and the team got the house off the market in record time, for a great price. I would highly recommend eHB for both sale and rental. Thanks for your great efforts guys, it's been a pleasure working with you. Cheers."
