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New house prices are rising rapidly despite a flat market – we need to diversify what we build and who builds it

  • Written by: Tom Archer, Senior Research Fellow, the Centre for Regional Economic and Social Research, Sheffield Hallam University

In the latest figures on UK house prices, new builds are particularly eye-catching. The price for such homes has increased by 17% in the past year, while the average price for existing homes cooled by 2.4%.

While these figures may grab attention for a day or two, there is little awareness of the long-term trend, particularly for new builds...

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