• Average new build prices rise by 6.5% in the year to the end of August 2015 - compared to 5% in 2014
• East Anglia, East & West Midlands and South West experience strongest price increases
• East Midlands highlighted as one of the most affordable regions for First Time Buyers
The year on year average price increase for new build property stands at 6.5% - up from last years’ figure of 5% - and, with the exception of Greater London and the South West, all regions have recorded higher average prices in the year to the end of August 2015 compared to the 12 months up to the end of August 2014
This could, however, be a reflection of the price increases recorded last year which – during August to November 2014 – rose strongly as a result of properties being valued and then subsequently sold in the summer months. An indication, possibly, of new build price movement in the months to come.
On a more regional basis it is also the Southern regions, adjoining Greater London, that are experiencing the strongest price growth with East Anglia, East and West Midlands and South West also seeing good price rises – with some nearly doubling over the year. Greater London prices have, however, levelled off following their peak in November 2014....