UK Property Market

Newly built houses reach record price of £260,832

The monthly survey from SmartNewHomes.Com shows that the overall 1.3 per cent rise in house prices was determined mainly by the significant increases registered in the south-west and East Anglia. The study also reveals a strong demand for new homes all over the country.

This record price for newly built properties comes after several downfalls in the first months of the year. Although the new house price was slightly under £260,000 in December last year, the annual average price went up by only 0.3 per cent.

This trend, however, was discontinued in May, with East Anglia And the south-east seeing rises of 12 and 12.2 per cent, respectively. The most considerable increases were recorded for detached new homes, townhouses and apartments, while semi-detached new homes suffered a new drop.

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• New Property Prices Fall by 3.4%
• Average house price up to £180, 594 in May
• New House Prices Up by 0.7%
• UK’s new built properties are behind those in the EU
• 6% Drop in New Houses Started Last Year

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