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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?

Asked on Oct 13 2015, House Prices in Glasgow | Report content

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  • Have you been living under a rock for the last 30 yr. Houses are the only assets that you at once use and appreciate (usually). If do buy a 30k BMW after drivinging for 10 mins the best bid you'll get on the spot is 20k.Downsize live off the spare cash! Enjoy yourself !

    Answered on Oct 31 2015, Report content
  • Oh sorry your going up, still chill. Especially if it's a good area and period...

    Answered on Oct 31 2015, Report content

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