Newhomes mar­ket off to strong start

Yorkshire Post - Property - - FRONT PAGE -

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.”

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