New homes market enjoys price surge - Mortgages - News - Moneyfacts
The average price placed on new homes enjoyed positive annual growth for the first time since 2006 last year, new data has revealed.
According to SmartNewHomes, the average asking price for a new home in December was £227,098, some 1.2% higher than in November, and contributing to last quarter 2011 growth of 2.6%.
Significantly, however, it meant prices had increased by an average of 3.2% during 2011 as a whole, making it the first calendar year to see positive growth since 2006.
The average price of a new home is now £7,029 higher than at the end of 2010.
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