New Homes market keeps growing

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.”

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