New Homes market keeps growing
The latest New Homes Index has revealed the average price for a new home in April 2013 was £236,122.
This was a 1.9% increase over the month and a 4.1% annual change.
Steven Lees, Director of SmartNewHomes, said: “It has been a very positive spring for developers. The launch of the Help-to-Buy scheme this month has boosted confidence in the new homes market, reflected in positive monthly, quarterly and annual price growth.
“The premium of living in a new build property in London continues to soar, exacerbated by continued strong interest from wealthy foreign buyers and a lack of supply. According to recent research, over 60% of the capital’s new homes are being bought by international buyers, often off-plan.”