New-Build Prices Up 272% This Millenium


New-Build Prices Up 272% This Millenium As Price Premium Climbs By £78,090
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The most recent analysis from Warwick Estates has revealed how the new-build market has outperformed the remaining each the place price growth and value premiums are involved because the flip of the Millenium.

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The Common New-Construct Have Elevated In Worth

The average homeowner is thought to spend 21 years in a home on average, so Warwick Estates analysed new-build and present home costs between 2000 and 2021 and located that throughout England and Wales, the common new-build has elevated in worth significantly.

In 2000, the common new-build price £92,234, however at present, this has elevated to £343,185 – a 272% enhance. Whereas the present market has additionally seen spectacular progress, the common home value has elevated by simply 254% as compared.

The premium hooked up to new-build houses has additionally jumped by some margin. In 2000, the common new-build residence price £17,805 greater than the common present property. Right now, this premium has climbed to £79,426.

London has seen the most important bounce in new-build values, up from a median of £133,568 in 2000, to £525,927 – a 294% enhance and 19% greater than the present market the place costs are up 275%.

The East Midlands (290%) and the East of England (290%) have additionally seen among the largest will increase and have additionally outperformed the present market to the most important extent, with a 27% and 26% respective distinction in value progress throughout this time.

Nonetheless, all areas of England and Wales have seen new-build house price growth not solely exceed 200% because the begin of the brand new Millennium but additionally outpace the present market.

The East of England has additionally seen the most important enhance in new-build premiums. In 2000, new-builds had been valued £19,345 increased than present houses, however at present this has climbed to £97,435 – a £78,090 enhance.

The East Midlands (£73,222), the West Midlands (£66,255) and the South West (£60,998) have additionally seen the premium hooked up to new-build houses climb by greater than £60,000 within the final twenty years.

A Climb In Premium

COO of Warwick Estates, Bethan Griffiths, commented:

“New-build houses have at all times commanded a premium and this premium has climbed significantly within the final twenty years as home costs have risen, but additionally the standard and providing of the new-build sector has developed.

Whereas getting a foot on the new-build ladder might current a more durable activity for aspirational householders initially, they’re much more prone to see their investment not solely maintain its worth however enhance at a better fee than the present market. So it may be nicely well worth the extra preliminary monetary funding for these with a long-term view of homeownership.”

Desk exhibits the rise within the common worth of new-build and present houses between 2000 and 2021

Location Common NB home value (Mar 2021) Change – 2000 to 2021 (£) Change – 2000 to 2021 (%) Common Present home value (Mar 2021) Change – 2000 to 2021 (£) Change – 2000 to 2021 (%)
London £525,927 £392,359 294% £503,386 £369,173 275%
Yorkshire and The Humber £243,791 £180,320 284% £181,826 £131,985 265%
East of England £404,852 £300,939 290% £307,417 £222,849 264%
East Midlands £302,701 £225,162 290% £209,735 £151,941 263%
North West £262,731 £192,821 276% £184,362 £133,006 259%
Wales £252,646 £182,754 261% £182,699 £131,557 257%
West Midlands Area £305,790 £217,404 246% £214,363 £151,150 239%
South West £348,888 £250,269 254% £281,886 £198,732 239%
South East £420,199 £298,520 245% £344,314 £237,522 222%
North East £217,985 £147,457 209% £138,631 £91,648 195%
England and Wales £343,185 £250,951 272% £263,760 £189,330 254%

Data sourced from the Land Registry House Price Index – New-build vs Existing (March 2000 to March 2021 – latest available)

Desk exhibits the new-build value premium in 2000 and 2021 and the change between the 2

Location Common NB home value (Mar 2000) Common Present home value (Mar 2000) NB value premium (2000) Common NB home value (Mar 2021) Common Present home value (Mar 2021) NB value premium (2021) Change in NB premium (£)
East of England £103,913 £84,568 £19,345 £404,852 £307,417 £97,435 £78,090
East Midlands £77,539 £57,794 £19,744 £302,701 £209,735 £92,966 £73,222
West Midlands Area £88,386 £63,213 £25,173 £305,790 £214,363 £91,427 £66,255
South East £121,678 £106,792 £14,887 £420,199 £344,314 £75,885 £60,998
North West £69,910 £51,357 £18,553 £262,731 £184,362 £78,368 £59,815
North East £70,528 £46,982 £23,546 £217,985 £138,631 £79,355 £55,809
South West £98,618 £83,154 £15,464 £348,888 £281,886 £67,002 £51,538
Wales £69,892 £51,142 £18,750 £252,646 £182,699 £69,947 £51,197
Yorkshire and The Humber £63,471 £49,841 £13,630 £243,791 £181,826 £61,966 £48,335
London £133,568 £134,213 -£645 £525,927 £503,386 £22,541 £23,186
England and Wales £92,234 £74,430 £17,805 £343,185 £263,760 £79,426 £61,621

Data sourced from the Land Registry House Price Index – New-build vs Existing (March 2000 to March 2021 – latest available)


  • Warwick Estates was based in 2007, and purchased by Aldridge in 2017 with the ambition to develop and strengthen the enterprise.
  • The aim of progress is one which unites the Aldridge household at present throughout the various vary of business and philanthropic actions through which it operates.
  • Over 40,000 properties are managed for freeholders, asset funds, housebuilders and housing associations – a mixed worth of over £9bn.
  • Annual revenues exceed £10million
  • Warwick Estates is run by a newly strengthened administration group of business heavy-weights with a long time of mixed business expertise – chaired by Adrian Ringrose, former CEO of Interserve
  • Present head-count is 186 employees at seven workplace areas all through England



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