While homeowners will pay a premium for their new build properties, a lower percentage of tenants will not. But does the data agree? In this month’s Market Mover, Gav delves deeper into the inconsistencies we’ve found in the ‘new build’ market last month.
Read Time: 3 minutes
Finding the difference between prices or rents of new build and existing stock is easier than ever using the REalyse platform. In our ‘Analyse’ section, by simply selecting ‘New Build’ with one indicator and then ‘Secondary’ with the same indicator, you can plot them side by side, like so:
One client asked us if we could go a step further, using the REalyse platform to calculate the difference between new build prices and those of secondary stock for every local authority in the UK. And further still: to do so for both rental and for sale properties.
We like rising to a challenge. Within minutes later, we sent them the results.
Now obviously this is quite a valuable piece of information, so it would be amiss to publish it in full here. The results did, however, point out some interesting inconsistencies.