The average new build in 2023 commanded a premium of 29.9% which is 6.9% higher than the average premium back in 2013 which was 23%.
These figures were taken from a study by property software firm APRAO.
The supplier analysed existing and new build properties and prices over the last decade.
It found that new-build house price premiums are at their highest in a decade.
The last time the new-build premiums peaked was 2018 when they averaged 28.5% across Britain. Since then, however, they had been in a decline falling each year to a low of 20.5% in 2022.
The only area in which the new-build premium is not at a high is London at 0.2%.
The North East tops the table with the strongest new-build premium, averaging 56% in 2023, whilst Scotland (45.2%) and the East Midlands (40.3%) also boasted premiums of more than 40%.
An APRAO spokesperson says: “While new homes have always commanded a higher price compared to existing stock, this premium has been reducing in recent years, with the impact of the pandemic and, more recently, higher mortgage rates restricting market activity and buyer purchasing power.”
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