The price actions for brand spanking new build properties within the UK are usually not constant and the common price is proving an excessive amount of for many first-time consumers.
This is in keeping with the most recent knowledge from Propertymark. It exhibits that common home costs for brand spanking new directions relating to newbuild properties being marketed within the East Midlands have dipped by £43,078 within the interval between July 2024 to July 2025.
Elsewhere across the UK, yr on yr to July 2025, the North East noticed directions for newbuild properties dropping by £37,123, and within the South West they fell by £30,826.
However, many areas skilled price will increase relating to newbuilds, with the East of England seeing a £20,763 enhance yr on yr to £523,714. This was adopted by the West Midlands the place the common price of newbuild properties rose by £13,182 to £384,443.
From a UK-wide and first-time purchaser perspective, the common price for a brand new instruction for newbuild properties coming to the market stands at round £427,143, representing a considerable affordability problem.
Propertymark factors out that of their bid to make housing extra reasonably priced, the UK Government is constant to push ahead with implementing the Planning and Infrastructure Bill, which goals to help with the constructing 1.5 million new houses earlier than the following normal election.
Likewise, the devolved nations have additionally set themselves difficult housing targets to make sure housing provide stays tightly aligned with actual world demand.
Commenting on the most recent numbers Propertymark chief government Nathan Emerson mentioned: “Any home price decreases usually symbolize a constructive alternative for aspiring owners to progress with their ambitions relating to possession. We have witnessed a noteworthy mixture of price fluctuations relating to new build properties in numerous areas across the UK.
“However, with many mortgage suppliers sometimes prepared to lend round 5 occasions an annual revenue, there are nonetheless substantial challenges to beat relating to potential affordability for a lot of when common costs regionally relating to new properties.”
He added that each the UK Government and the devolved administrations had clear reduce challenges forward of them to assist guarantee home costs had been practical.
“It stays important that an enhanced movement of recent houses attain the market within the areas the place they’re wanted and the prospect of buying a house stays a sensible ambition for many who aspire to personal a house.”
