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...
