ニュース
Price of new homes still rising across most of the UK
08-10-2012
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The average price in August was relatively at £234,783, down 0.3% since July and 0.1% over the last three months, the latest data from the SmartNewHomes index shows.
Overall the monthly figures show that on a month on month basis new home prices increased by 5.4% in the West Midlands taking the average price to £167,917, by 4.9% in Greater London to an average of £397,394, by 2.6% in the South West to £223,395 and by 2.4% in Scotland to £234,491.
Average prices also increased by 3.2% in the South East taking average prices to £285,985, by 0.9% in Yorkshire and Humber side to £181,502, by 0.2% in the North East to £172,330 and by 0.1% in Wales to £188,712.
Prices fell by 1.6% in the East Midlands to £191,013, by 1% in East Anglia to £216,683 and by 0.7% in the North West to 169,419.
‘New home prices were stable in August compared with a price correction in the wider market. This is a mark of the unrelenting demand for new homes from buyers, in spite of a summer dominated by the Olympic Games,’ said Steven Lees, director of SmartNewHomes.
‘Demand for new homes is likely to be further buoyed by FirstBuy, which has received £280 million in additional funding, and NewBuy, which has reached 1,300 transactions, as both schemes continue to help buyers purchase a new home amid the ongoing freeze on high loan to value mortgages,’ he explained.
He pointed out that although the number of new homes coming onto the market dipped in August, many house builders will have opted to delay launching new developments and phases until the autumn.
Also new planning measures announced by the Government, which include fast tracking large residential schemes and bypassing those councils not performing could also bring more new homes to buyers over the next year.
‘However, it will be some time before the industry is able to make a dent in the 223,000 needed each year. For this reason we expect to see price growth of 2 to 3% this year,’ he added.
