New home prices increasing across the UK property market

16th Nov 2012

While the prices of properties for sale across the UK have remained relatively low over the course of the last few years, it has been reported that new builds, especially in certain areas, are beginning to increase in their value.

According to a new study by LSL Property Services, the prices of such constructions across the country are now climbing, with a 1.41 per cent increase in the year to the end of September 2012.

It said that there are certain areas in particular, such as Scotland, the West Midlands and East Anglia where the prices for these types of home are particularly performing well.

James McAuley, Director of LSL Land & New Homes, said: "How the market will change over the coming months is still uncertain but the fact that the Government has already paid £40 million to 41 developers to help 2,500 first time buyers this year is surely a positive sign. We now need more developers to bid for a share of the £240m still available under the FirstBuy scheme."

Earlier this week, it was also revealed that it was now the case that the NewBuy scheme, planned to get more people to buy houses across the country with a reduced mortgage deposit, had seen its 2,000th reservation.

Posted by Staff Writer: ADNFCR-1286-ID-801489780-ADNFCR

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