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Property investors paying premium for new homes

22 October 2004
House buyers are paying 50 per cent more to get hold of a new home, because of its investment potential.

SmartNewHomes.com found that investors will spend £223,742 on a new house - while the average house price is just £153,727.

"The results of this survey clearly show that UK homebuyers are willing to pay a premium for the benefits of a new home," said SmartNewHomes chief executive David Bexon.

Five per cent of people asked said the reason they would choose a new home is that they expect to profit from their investment.

Top of the list of reasons to choose a new, according to the poll, is the low maintenance costs involved of a new house, closely followed by ten year house builder guarantees.

13 per cent of people said incentives offered by house builders were the most best reason to choosing a new house over an old one.
© DeHavilland Information Services plc