propertytalk Live! - New build house prices 'more positive'

propertytalk Live! - New build house prices 'more positive'

The latest LSL New Build Index, exclusively launched on whathouse.co.uk, looks at how the average prices of new build properties across the UK have changed and gives some insight in to the regional new build markets.
James McAuley, Director of LSL Land & New Homes commented:
“Comparing average prices in the period June 2010 to May 2011 with June 2011 to May 2012 we see that, whilst there has been some falls, the overall picture looks more positive than when we compared year on year averages last month.
“Pent up demand following the extended Easter break could be a contributing factor to this and the more positive mood of some buyers who are coming to appreciate the benefit that schemes such as NewBuy and Part Exchange can offer.
“Of particular interest is the fact that average prices of detached properties across the UK appear to have improved in response to increased demand for them. One region that has seen this is the South East where detached properties have increased in value by 3% over the last year - a significant rise from the 0.7% decrease reported in last months Index.