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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.

"Just a note to say many thanks for your work on our house sale and purchase. Your advice for the house buying process has been really valued and we are very happy with our new (old) house in Snitterfield."
Nicole, Rene and Anna

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