Landlords considering new build properties to enlarge their portfolios may get more of a bargain than they expected.

New data from the Whathouse platform reveals that new build property coming to market has hit a record of £384,738, up by 7.2 per cent from the same period last year.

This rise is less than most measures of capital appreciation in the wider second hand market over the past year.

The platform also reveals that interest rate and cost of living increases do not appear to have dulled buyers’ plans as searches online for new builds continue to increase.

The Whathouse figures are based on data sourced from its own platform , compiled using a sample representing approximately 400,000 searches across Britain.