UK Property Market

New House Prices Up by 0.7%

According to a survey by SmartNewHomes, new properties went up by about £1,700 on average over the last month. However, this translated into a slight increase of the annual average price – only 0.3 per cent.

The biggest rises were registered for town houses, which went up by 2.1 per cent, reaching an average price of £239,196. At the same time, prices for detached and semi-detached homes saw moderate rises of up to 0.4 per cent, while apartment prices increased by up to 0.2 per cent.

The region with the highest rises in new property prices was Wales, with rates of 9.1 in April and 4.8 over the last year. On the contrary, London New house prices went down by 4.6 per cent last month, with similar decreases registered in the south-east, West Midlands And the south-east.

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• Average house price up to £180, 594 in May
• Newly built houses reach record price of £260,832
• London rents hit record levels in June
• Average Home Prices Up to £206,890 in March
• High demand for coastal housing

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