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New Built Houses

New Build House Prices October 2010

As ever in the property market, the national picture is very diffferent on regional basis. Top performing areas, suprisingly, continue to be Yorkshire Humber (+10% YOY). Other good performings include the East Midlands (+6.0%) and East Anglia (+7.6%).

Areas that aren't performing include an up until now, bouyant 'Down South' in Greater London which has plummeted versus strong growth earlier in the year to being nearly 13% down (and 7% down over the last three month) as well as Scotland which is down by 7% YoY and -6% over the last three months. Everywhere else seems to be pretty much on a parr over the last few months and year on year.

Need to know why you need to be careful when buying a new home? Why some lenders request a higher deposit for some new build properties? Call us on 0845 838 1763 or email enquiries@designsonproperty.co.uk

New Homes Data from Smartnewhomes

Statistic MeasureAug 10Sep 10
Average new home price£219,629£222,561
Monthly % change+0.9%+1.3%
Three monthly change-0.4%+2.2%
Annual % change+1.2%+4.9%

Statistic MeasureFeb 10Mar 10Apr 10May 10June 10July 10
Average new home price£215,186£216,188£220,190£220,464£217,845£217,660
Monthly % change-1.6%+0.5%+1.9%+0.1%-1.2%-0.1%
Three monthly change-1.4%-2.0%+0.7%+2.5%+0.8%-1.1%
Annual % change-5.6%-1.8%-0.3%+2.1%+1.4%+2.5%

Statistic MeasureAug 09Sep 09Oct 09Nov 09Dec 09Jan 10
Average new home price£217,058£212,124£214,909£218,160£220,537£218,575
Monthly % change+2.2%-2.3%+1.3%+1.5%+1.1%-0.9%
Three monthly change+0.6%-1.3%+1.2%+0.5%+4.0%+1.7%
Annual % change-10.4%-10.2%-7.5%-3.7%-2.6%-1.4%

Statistic MeasureFeb 09Mar 09Apr 09May 09Jun 09Jul 09
Average new home price£227,893£220,128£220,955£215,857£214,846£212,440
Monthly % change+2.8%-3.4%+0.4%-2.3%-0.5%-1.1%
Three monthly change+0.6%-2.8%-0.3%-5.3%-2.4%-3.9%
Annual % change-9.6%-13.2%-13.0%-15.3%-13.7%-13.6%
 
Useful article to read - UK house building levels rise

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit
ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
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