New-Build Homes Command 30% Price Premium Across Great Britain

UKPulse Property Desk

New-build homes in Great Britain are now, on average, 30% more expensive than existing properties, with the price gap widening since 2016.

• New-build homes in Great Britain have an average 30% price premium over existing properties.
• The price gap between new-builds and existing properties has widened by 6.2 percentage points since 2016.
• The North East shows the largest regional premium for new-builds, at 60% above existing properties.

What this means for you: If you are considering buying a new-build home, expect to pay an average of 30% more than for an existing property, with regional variations.