In the year to end September 2019 new build prices per m² rose by an average of 2.8% across the UK...
The New Build Property Market
The table to the right (see publication) gives an overview of the current position of the housing market. The LSL Acadata Regional House Price Index data has been examined to find the high point in terms of average selling prices in each region at the time of the last 2007 to 2008 peak. There is some variance in the exact high point depending on the region. The most recently available data for this index is shown in the ‘Latest average price’ column. A comparison of the ‘2007to8 peak’ and ‘Latest ave price’ columns allows us to generate the third column which shows the percentage price change from the peak to present day in each region. This allows us to look at present day house price changes in the context of the growth that has taken place over the past 12 years.
London has experienced the highest level of price growth over this period and average prices are presently 69% above the last peak. The East and South East have seen price growth in the 30 to 40% bracket in this period and as the wave moves out from London we get to the East and West Midlands and the South West, which have experienced growth of around 20% over the period. Moving further from London, the North West, Yorkshire & the Humber and Wales have experienced growth at around 10%. In the North East prices remain slightly below the previous peak although present day price rises should soon create a move back to positive territory....
Continued in the full report - please click below to open...
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The North / South divide excluding Greater London can be seen below:
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