Existing homes have risen some eight per cent in value in the past year while the price of a typical new build is now 28 per cent more than 12 months ago.
The current average price of an existing home in Britain is £272,851; by contrast the average price of a new-build has risen from £330,662 to £422,414 - up by well over a quarter.
The gap is even greater in some regions.
Landlords buying an average new-build home in Wales will now pay 34 per cent more than a year ago, while existing homes have seen capital appreciation of 11 per cent.
In Scotland, new-build inflation has been 29 per cent - existing homes are only seven per cent more expensive to buy now than 12 months ago.
However a spokesman for Unlatch - the organisation behind the research and an advocate of new homes - says: “Investors on the whole do prefer to go for a new build property for many reasons, one more being that by the time said investor completes on their purchase, the agent usually already has a tenant lined up to move in; meaning no void periods.
“In a fast, frantic, and highly competitive housing market, new-builds also offer more reliability in terms of the actual purchase itself. Fewer sales are subject to falling through as a result of unwanted discoveries during the surveying process, as well as the fact there is no dreaded chain to contend with.”
We're excited to announce that we're working on building a shiny new website for readers of Landlord Today! As part of this process, commenting on articles will be temporarily disabled. We look forward to sharing our new and improved Landlord Today website with you shortly!
New build homes are often at the forefront of market downturns...
New build homes command rental premiums of as high as 41...
A finance chief is warning that the threat of possible rises in...
A study by property software firm APRAO shows new-build house price...
A landlord who persistently failed to license several rented properties has...
A council has revealed that it sells off its housing stock...
Landlords using the OpenRent online agency will not be listed on...
.png)
The UK property market is on the cusp of significant change...
Landlords, if you haven't heard of it until now, it's time...
(1).png)
As a seasoned landlord, you've likely witnessed the UK property market's...
Managing rental properties, whether you have a few or a dozen,...
Congratulations on taking the leap into becoming a landlord! Property investing...
Twenty twenty-four is a pivotal year for landlords in the Private...
There wasn’t much by way of good news in the Spring...
National Landlord Investment Show has announced that the former Leader of...
We are thrilled to report that the first National Landlord Investment...
Landlords play a crucial role in providing safe and comfortable housing...
.jpg)
Calling all landlords, Investors and property professionals: National Landlord Investment Show...
In the buy to let market, success goes beyond the transaction...
Mohammed Sharaz, a landlord from Bradford, recently seized an opportunity to...
We believe a well-functioning housing system is one that meets everyone’s...
If you are a landlord looking for the silver lining in...
This year is set to bring sweeping rental reforms that will...
Landlords are exiting the market in droves. According to an accountancy firm...
%20(002).png)
Newable Finance, the finance brokerage & advisory arm of Newable, launches...
Homes in the rental sector are more likely to have old...
A landlord who persistently failed to license several rented properties has...
A council has revealed that it sells off its housing stock...
Landlords using the OpenRent online agency will not be listed on...
.png)
The new Labour government is to bring in so-called ‘hardship tests’...
The National Residential Landlords Association says it’s met with new housing...
New figures seen by Landlord Today show the scale of landlords...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you, and what does it say on...
