New home prices in the UK dipped again last month as the housing market struggles to throw off the after-effects of a year-long slump, says property website smartnewhomes.
The average price of a new home in the UK was £255,327, down 2.4% on the same time last year and a further marginal decrease of 0.2% from the previous month according to the website’s latest report. Moreover, it argues, although the worst of the downturn in house prices looks to be over with annual inflation now at -2.4% compared to -8.0% at its lowest point in spring this year, continuing negative quarterly inflation would indicate a return to the strong positive growth rates of the last few years is some way off. Average new home prices in London, the South West, West Midlands and the ...
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