One in eight new-build homes were resold at a loss in 2022, figures show1, with new builds twice as likely to make a loss compared with older homes. Because new builds are often sold at a premium, this can mean prices fall back to market rate when resold.
Flats make up more than four-fifths of loss-making sales, with experts saying the Help to Buy scheme is partly responsible for inflating prices.
- Hamptons, 2023
🚨 Data accurate as of the date of publication – 04.07.2023
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Source: Quilter Financial Planning – Essentially Mortgages Q2 2023