Newhomes market off to strong start
THE average asking price for a new home in January was £228,909, increasing 0.8 per cent since the end of last year. This is the fourth consecutive month of price increases in the new homes market.
Steven Lees, director of Smartnewhomes, says: “The new homes market has seen a strong start to the year, with a flurry of new scheme launches, encouraging levels of activity from buyers and new mortgage products announced by lenders which are designed to attract customers. We could see a fall in activity at the lower end of the market after March 24, when first- time buyers are again required to pay stamp duty tax on properties under £250,000.”