How badly do new houses depreciate?
I am considering moving up the property ladder and a new built by Cala homes, ie the King's Lea at Newlands Dairy in East Kilbride has caught my eyes. The price is about £390000. Its a 5 bedroom detached house. I am concerned this price might be more than the house will be worth if I were to sale it in future or re-mortage it. Will this be the case? Do new houses lose their value like a new car will?
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