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Do brand new houses rise in value in the same way as older property values?

We are considering purchasing a brand new property, and wonder whether they rise in value in the same manner as other houses? I see 3 potential scenarios: 1) A brand new property attracts a premium for being brand new, and therefore the value rises slower than the norm. 2) It makes no diffference. 3) A brand new property rises more quickly as the garden matures and the ongoing works of the rest of the development stop.

Asked on Mar 16 2013, House Prices in Welwyn Garden City | Report content

Answers (1)

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  • I think all types of houses rise when property prices rise, but brand new homes usually are sold overvalue, so you could be waiting a little longer to see your money back on resale. We purchased a new build and four years later, we got our money back. But there is much to take into account: money spent, location, supply and demand etc...

    Answered on Mar 18 2013, Report content

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