Popularity of new homes in decline

Friday, 27 July 2012 10:22 AM

New home registrations in the UK have decreased despite the lure of the NewBuy scheme.
According to figures from NHBC, registrations for new homes dropped by 24 per cent in the second quarter of this year compared to the same time last year.

This was not the only figure to decline for the quarter.
Following the contraction in quarter one, public sector registrations dropped a further 49 per cent when compared to the second quarter of 2012.
Wet weather and the added disruption of the Olympics may have dampened figures.
But the government’s NewBuy scheme, which offers high loan-to-value mortgages for the purchase of new homes, has done little to improve interest in the market and stop the contraction.
In the private sector registrations fell by ten per cent.
June’s figures were less than the same month last year while April and May managed to clock up marginally better registrations than 2011.

“As the year progresses we must hope to see a rebound in social housing numbers as providers adapt to new methods of funding,”  Richard Tamayo, NHBC commercial director said.
“Hopefully the decline in private registrations witnessed in June will, in hindsight, prove to be a statistical blip in what will otherwise be a period of sustained, if modest, private sector volume growth throughout the year.”

New-build homes projects are thriving

New-build registrations hold firm in October

Homebuilders are remaining confident, despite recent economic uncertainty, with new-build registrations rising by 11 per cent in October, according to the latest figures from the National House Building Council.

 New build homes are in decline.

New build homes market in decline

March has seen a decrease in registration to build new homes across the UK with a continued divide between the private and public sector. Housing is one of the major issues facing the UK, especially as the government sells off old council homes.

New homes should see rising prices later this year.

New homes remain affordable option

The average price of a new home has risen by 3.1 per cent in the past year according to the index from Smart New Homes. Despite this price rise new homes still remain the most affordable option on the market.

New homes have seen an asking price rise.

New homes see continued price rise

Asking prices for new homes has continued to rise jumping 6.1 per cent in a 12-month period. January alone saw a 0.8 per cent rise in asking prices with the average new home costing UK buyers £228,909.

Price of new homes rises

New homes price rises to £219,172

The average price of a new home stood at £219,172 last month, according to figures from SmartNewHomes. The property company's New Homes Index is a monitor of all new homes promoted on its site each month.

 More new homes were built in April

Growth recorded in new homes market

‘Clear progress’ is now being made to bring more new homes onto the market, according to the latest index by SmartNewHomes. Research by the property website found the new build market was up 0.7 per cent in April, pushing the average price up to £219,766.

New homes in the UK see price growth.

New homes see another price rise

New homes have experienced an annual price increase of about £10, 226 per property according to Smart New Homes’ price index. According to the index the average asking price for a new home in February was £229,938.

New house prices down two per cent

Price of new properties sees summer lull, figures show

The average cost of a new home in the UK fell by two per cent during July to £220,788, down from £225,317 the previous month, according to data from Smart New Homes. Buyers are waiting until the autumn to look for a property, the website said.

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Two-tier housing market for Wales

Wales' house prices are held up by the high-end market.

The Welsh housing market has split into two groups creating a high-end market where prices are going well and a poor performing bottom end of the market. According to LSL/Acadametrics’ Wales house price index overall prices are up by 2.4 per cent on last year.

Interest Rates sit tight again

Interest rates remain 0.5 per cent.

The Bank of England has again given homeowners a reason to celebrate choosing to leave interest rates at 0.5 per cent. The respite for home owners was no surprise with the bank of England holding rates for the past three years.

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