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LSL New Build Index - The market indicator for New Build Homes September 2015

Posted 22/09/2015 by Land and new homes
New homes

• 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....

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New Build Index Sept 2015 infographic

Click here to view an interactive price-change map

Click here to explore historical house sale prices

Click here for the New Build Index archive