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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.

"We have been delighted with the excellent letting service that Rachel and the ehB team have provided to us."
Alastair

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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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