1 in every 8 properties sold in the UK is a new build

According to recent figures 1 out of every 8 properties sold in the UK is now a new build property.

Attracting a 22% price premium compared to a residential resale property, the average price of a new build home in the UK is nearly £55,000 more.

However, this price premium doesn’t put potential buyers off as nearly half of all homeowners would consider a new build property when purchasing their next home.

It’s likely that buyers see the long term benefits of new build properties such as being more energy and environmentally efficient and also having less renovation work required, which in the long run could work our as better value.

Whether you’re looking for a new build property or a pre-loved home our property experts are here to help you find what you’re looking for. Contact your local branch to find out how they can help support you with your next move.

Sources: Dataloft, Nationwide, HMRC, Bank of England and Zoopla.

Need advice? Contact us now.

Adding Value

Our local agents value over 15,000 homes each year. Get a quick estimate online or book an appointment to discuss what we can do for you in more detail.

instant valuation In Person Valuation

Top