October 2015 New Build Index
There is still immense pressure for the government to support developers, to achieve and deliver the target of One million New Homes before 2020. A lack of skills continues to be a major, contributing, factor to this. LSL Land & New Homes looks at the current prices of new build properties, and questions if the government plans are realistic.
Points of interest from the latest Report
1. Average New Build price rise remains static, at 6.5%, to the end of September 2015.
2. Greater London’s price growth peaked in November 2014 – Data suggests 14% growth in September 2014, compared to only 10% in September 2015.
3. East Anglia and The South East experience the strongest increases and therefore predicting they will overtake Greater London, before the end of 2015.