New homes offer best value in current climate
The average price of a new home fell for a fourth consecutive month in September, taking new home prices to £236,142 – down 2.6% since August. The rate of house price growth in the new homes market showed the sharpest monthly decline of 2008 so far.
Commenting on the data, David Bexon, Managing Director of SmartNewHomes.com said:
“New homes prices decreased significantly in September, with figures for annual growth taking a dive from the previous month, following a month of intense negative sentiment in the financial sector. Developers continued to focus on shifting existing stock, reducing price expectations further towards a level where more buyers are able to enter the market.
To read the latest New Homes Index click here.
Date Published: 01 October 2008
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