Deals to be had as prices fall in July

Yorkshire Post - Property - - PROPERTY -

THE av­er­age price of a new home fell by two per cent in July, ex­tend­ing the first price fall of 2011 in June. Pos­i­tive growth, how­ever, was recorded on a three-month and an­nual ba­sis, up 0.5 per cent and 1.4 per cent re­spec­tively.

Com­ment­ing on the data, Steve Lees, di­rec­tor of Smart­NewHomes, says: “As pre­dicted, buy­ers have opted to de­lay the hunt for a new home un­til the au­tumn, with house­builders pric­ing com­pet­i­tively in or­der to sus­tain mo­men­tum in a qui­eter mar­ket.

“There are some ex­cel­lent deals to be had, es­pe­cially for those buy­ers who start their search now. We ex­pect buyer ac­tiv­ity to re­sume in Septem­ber, es­pe­cially as the gov­ern­ment’s new shared eq­uity scheme launches.”

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