House prices move steadily upward
The average price of a new home rose by 1.9 per cent in April 2010 and now stands at £220,190. The annual change now stands at -0.3 per cent, the lowest rate of decline since April 2008.
However, the demand price – the amount prospective purchasers are looking to pay – has also shown further growth, up 0.6 per cent to £254,949, 14 per cent higher than the average stock price.
David Bexon, managing director of SmartNewHomes. com says: “The continued steady growth in the price of a new home in April shows the strength of demand in spite of election uncertainties.”