Date Published 11 June 2012
The average price of a new home in April was £226,859. This is down -1.9% since March, and the first monthly price fall for nine months.
Commenting on the data, Steven Lees, Director of SmartNewHomes, said:
`New home prices paused for breath in April, slipping back from a 42-month high in March as less than optimistic economic forecasts and the ongoing trouble in the Eurozone curbed buyer activity.
`Buyers will be buoyed by the news that the number of new homes currently available to buy has doubled in the last year but the Government and industry should not rest on its laurels. This is from an extremely low base and, as acknowledged by the Housing Minister Grant Shapps, we are still a long way from building the thousands of extra new homes needed each year to meet the UK’s housing demand