Most parts of the UK see a rise in price of new homes , index shows

According to PropertyCommunity.com, the average price of a new home in April was 226 859 pounds, up 3,2% from a year ago but down 1,9% compared with March and down 0,9% on a quarterly basis.

Overall a new home compared with the wider market costs 16 878 pounds less. But there is some regional variation in price depending on location.

In Greater London the average price of a new home is 359 804 pounds, down 3,5% compared with March but up 3,2% on a quarterly basis and up 7,2% on an annual basis. In the South East as a whole the average price is 266 707 pounds, up 0,3% compared with March and up quarterly by 2,9% and annually by 1,4%.

In East Anglia prices are rising, up 3,6% compared with March but down 0,2% quarterly and down 3,6% annually, taking the average price of a new home to 213 143 pounds. It is a similar picture in the West Midlands where the price is up 0,4% monthly but down 4,3% quarterly and down 5,9% on an annual basis, taking the average price to 159 445 pounds.

The South West is also seeing the price of new homes rise. The average price in April was 215 962 pounds, up 1,3% compared with March, up 0,5% quarterly, but down 8% on an annual basis.

Scotland is also seeing positive price growth. The average price in April was 231,012 pounds, up 4,9% on March, down 1,3% quarterly but up 2,9% compared with a year ago. Wales is also seeing positive growth, but a bit slower. The average price is 184 505 pounds, up 0,7% on March, up 0,4% on a quarterly basis and up 1,2% annually.

The North West is the poorest performing region for new homes. Average prices in April were 167 352 pounds, down 0,1% compared with March, down 4,4% quarterly and down 6,1% compared to a year ago.

Source: http://www.propertycommunity.com/property-in-the-uk/most-parts-of-the-uk-see-a-rise-in-price-of-new-homes-index-shows.html