The price of new homes in the UK has risen by an average of just 0.1% over the past twelve months, according to research from SmartNewHomes.com.
The website’s latest New Homes Index found the South West of England saw the biggest growth in new home prices over the past year, while Greater London saw the largest price rises since October. The November price index shows the average price of a newly built home was £260,882 in November, a rise of 0.8% since October. The average price of a new home in November 2006 was just £207 less than in 2007, an annual rise of just 0.1%. SmartNewHomes.com also claims flats and apartments are performing well, with prices rising 3.9% over the past month, despite a recent RICS survey suggesting ther...
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