New Homes
Buying a new home in the UK

According to Paul Farrow of the Telegraph new build house prices began to fall in 2006 and not 2007.   He give an example of a home in East Anglia that was valued at  £246,995 in April 2006 and is worth  £225,000 today.  A reasonable fall of 9pc according to the Nationwide House Price Index calculator.    He argues that this online tools does not  differentiate between a new-build and older homes.   In reality the home would be worth as little as  £120,000, if it were a new build.