LSL's Latest New Build Index

Our latest publication of the LSL New Build Index has been released.

The year on year change in new build prices to the end of June 2015 has fallen back slightly to 6.8%, from 7.2% in May – although still up on last year’s June figure of 4.6%.

Splitting the country into The North and The South along the traditional Wash to the Humber line shows a further level of detail – as the graph shows - with Greater London also separated out.

The cause of the flat lining of the crude average figure is the slowdown in the Greater London market which is offsetting the growth in the rest of the country.

A clear ripple effect, which has been evident in previous property cycles, is now increasingly evident. The regions closest to Greater London are seeing strong growth rates in the 6-8% range and the South West is not far behind with a growth rate approaching 5% - all more than twice the growth rate at achieved last year. Greater London’s growth rate has, however, now slowed to a similar level to June 2014.

At the other end of the country, while most northern regions are achieving growth rates similar to those achieved by the South - around 2-3%, Scotland is leading the pack with a growth rate of 4.8%.

Read the full report here.