What House? Launches LSL New Build Index in the UK
Online, April 2, 2012 (Newswire.com) - What House? will publish the survey exclusively every month on their website which will give a monthly statistical summary of the UK new homes market valuations. The survey is powered by e.surv Chartered Surveyors who are the UK's largest provider of residential valuations and are part of LSL Property Services PLC.
The data gives a summary of new build homes valuations across the UK including new homes in Essex, new homes in Lincolnshire and new developments in Cambridgeshire.
The first survey published today details house valuations on new homes between 2006 and 2011 and shows the performance of the market within a five year period. It details the values of four main types of new homes including flats, semi-detached and detached houses and terraced homes. The survey shows that in the period between 2006 and 2011, the market has steadily lessened in the volume of flat sales and has moved towards more detached new homes sales. The two areas that saw the greatest rise in values across all of the four property types within this five year period were new homes in Scotland and Greater London.
The survey also shows that the northern UK regions have experienced heavier falls in prices with the North East seeing an 18 per cent decrease and the Yorkshire and Humber region experiencing 14 per cent lower prices since 2006. The survey data also shows that the flats and apartments market has declined overall since 2006 with prices falling regionally by an average of 18 per cent.
James McAuley from LSL Land & New Homes says: "The data is based on a statistically significant proportion of all new build valuations provided to lenders for mortgage purposes. Given its position in the new homes market it makes perfect sense to team up with http://www.whathouse.co.uk in publishing the Index."
Notes to Editors:
What House? is a leading property website that features thousands of new developments in Essex and new homes in Bristol as well as the rest of the UK.
