New-build homes in Great Britain now command an average 30% price premium over existing properties, according to research from UK Property Development. The gap has widened by an estimated 6.2 percentage points since 2016. In England, the new-build premium stands at 28.9%, up from 23.5% a decade ago.
New-build homes in Great Britain command 30% price premium
UKPulse Consumer DeskNew-build homes now cost an average 30% more than existing properties in Great Britain, according to research from UK Property Development.
- The gap between new-build and existing property prices has widened by 6.2 percentage points since 2016.
- The North East has the largest premium, with new builds priced 60% above existing properties.
Why this matters: This widening premium may reflect factors such as modern specifications, energy efficiency, and buyer demand for homes requiring less immediate maintenance.
What this means for you: If you are considering buying a new-build home, be aware that you may pay up to 30% more than an existing property in Great Britain.