{"id":81937,"date":"2020-09-03T10:27:17","date_gmt":"2020-09-03T09:27:17","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=81937"},"modified":"2020-09-03T10:27:17","modified_gmt":"2020-09-03T09:27:17","slug":"new-build-prices","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/new-build-prices\/81937\/","title":{"rendered":"New-build prices rise by 34% in five years in the East of England"},"content":{"rendered":"<h2>According to new research by <a href=\"https:\/\/www.stripehomes.co.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">StripeHomes<\/a>, new-build house prices in the East of England have risen by 34% to \u00a3373,829 over the past five years<\/h2>\n<p>As reported by <a href=\"https:\/\/www.mortgageintroducer.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mortgage Introducer<\/a>, The East Midlands and West Midlands also saw the price of new-builds rise by 33% and 31% respectively. The North East was home to the lowest new-build growth, but prices still increased by 16%.<\/p>\n<p>According to StripeHomes, London has seen the second-lowest rate of new-build house price growth in the last five years, although again, prices are still up 22%.<\/p>\n<h3>Variations in the rate of house price growth<\/h3>\n<p>While the East of England is the regional leader for <a href=\"https:\/\/www.pbctoday.co.uk\/news\/building-control-news\/collapse-of-insurance-firm-alpha\/43949\/\" target=\"_blank\" rel=\"noopener noreferrer\">new-build performance<\/a>, on a more local level prices are surging across different regions across the UK.<\/p>\n<p>Corby in Northamptonshire, Salford in Greater Manchester, Thurrock in Essex, and Newport in Wales all saw prices rise by 44% in five years. In London, some areas still recorded strong appreciation; in Newham, new-builds have surged in price by 40% in five years, followed by Barking and Dagenham at 39%, as well as Redbridge at 38%.<\/p>\n<p>Meanwhile, in the North West, where <a href=\"https:\/\/ahci.co.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">Advantage<\/a> has its head office, new build prices increased by 29%.<\/p>\n<p>James Forrester, managing director of StripeHomes, said: \u201cWhen it comes to investing in bricks and mortar, the new-build sector remains one of the best in terms of a consistent return through buoyant house price growth.<\/p>\n<p>\u201cIn the past five years, almost every area of the UK has seen new-build prices increase despite the impact of drawn-out political uncertainty caused by Brexit and multiple general elections.<\/p>\n<p>\u201cAs a result, the sector remains popular amongst both new-build investors and developers, as well as residential homebuyers.\u201d<\/p>\n<p>Earlier this month, Advantage wrote that <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/structural-warranty-covid-19\/75184\/\" target=\"_blank\" rel=\"noopener noreferrer\">despite the impact of the coronavirus<\/a> outbreak on the UK economy, prices for both new and previously owned homes had hit the highest levels on record in July driven by \u201c<a href=\"https:\/\/ahci.co.uk\/exceptional-levels-of-demand-drive-house-price-growth\/\" target=\"_blank\" rel=\"noopener noreferrer\">exceptional levels of demand<\/a>.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Advantage Home Construction Insurance<\/strong><\/p>\n<p>Tel: <a href=\"tel:08459003969\" target=\"_blank\" rel=\"noopener noreferrer\">0845 900 3969<\/a><\/p>\n<p><a href=\"https:\/\/ahci.co.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/ahci.co.uk\/<\/a><\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>According to new research by StripeHomes, new-build house prices in the East of England have risen by 34% to \u00a3373,829 over the past five years.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[591,13038,908,572,656,947,17747,747,778],"stakeholder_rel_tag":[172367],"contributor_rel_tag":[],"class_list":{"0":"post-81937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-brexit","8":"tag-building","9":"tag-economy","10":"tag-housebuilding","11":"tag-housing","12":"tag-london","13":"tag-manchester","14":"tag-property","15":"tag-sh-ahci-advantage","16":"stakeholder_rel_tag-ahci-advantage"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New-build prices rise by 34% in five years in the East of England<\/title>\n<meta name=\"description\" content=\"According to new research by StripeHomes, new-build house prices in the East of England have risen by 34% to \u00a3373,829 over the past five years\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/new-build-prices\/81937\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New-build prices rise by 34% in five years in the East of England\" \/>\n<meta property=\"og:description\" content=\"According to new research by StripeHomes, new-build house prices in the East of England have risen by 34% to \u00a3373,829 over the past five years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/new-build-prices\/81937\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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