LSL New Build Index April 2015

LSL Land & New Homes is a trading style for members of the LSL Property Services Group Estate Agency Division, one of the leading residential property services groups in the UK.

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Land & New Homes

Registered office: Newcastle House, Albany Court, Newcastle Business Park,Newcastle upon Tyne NE4 7YB Registered number: 05114014 VAT number: GB 842 7959 83

LNH

1008

04/

2015

Part of the group

LSL Land & New Homes is a trading style for members of the LSL Property Services GroupEstate Agency Division, one of the leading residential property services groups in the UK.

www.lsl-landandnewhomes.co.uk

LSL New Build Index - April 2015

With all political parties having agreed in their pre election manifestos that New Homes are key to the future of the UK property market, LSL Land and New Homes once again brings reports about how prices are currently performing across the regions as Shaun Peart, Managing Director for LSL Land and New Homes explains:

In the year to the end of March 2015 the year on year growthin new build prices was 7.2% with, once again, all regions nowshowing house price growth - a turnaround from the position last year as the graph illustrates.

Interestingly Greater London is still well ahead of other regions but is experiencing lower house price growth compared to last year - whilst in contrast many regions are well ahead of last year’s figure.

The overall position is shown in the following graph with theregions split into three general areas (Greater London;

Southern – South East, South West, East Anglia, East Midlands, West Midlands);

Northern – Scotland, Wales, North East, North West, Yorkshire & The Humber). Crude averages of the regional data are taken, and the resulting average growth rates are as shown.

As can be seen the high growth rates in Greater London have been driving the market for some time. The Southern areas are into a phase of steady growth and the Northern are around 9 months behind the Southern figures.

A crude average of these three data sets is shown by the black line and, as can be seen, this average has been ‘flat lining’ since around November 2014. And it’s the direction of this average, headline figure, that continues to be the focus of much media attention but, we hope, this diagram serves to better represent what is happening on the ground and perhaps set our thoughts on what might happen next.”

Data sources: LSL New Build House Price IndexONS, EARN05 – Average weekly gross earnings of full time employees, by region.


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Land & New Homes


LNH

1008

04/

2015

Part of the group



Notes

This Index has been prepared by e.surv using anonymised data based on a proportion of all new build valuations provided for lending purposes. Figures represent 12 month rolling averages for each period. The copyright and all other intellectual property rights in the Index belong to e.surv. Reproduction in whole or part is not permitted unless an acknowledgement to e.surv as the source is included. No modification is permitted without e.surv’s prior written consent.

Whilst care is taken in the compilation of the Index no representation or assurances are made as to its accuracy or completeness. e.surv reserves the right to vary the methodology and to edit or discontinue the Index in whole or in part at anytime.

e.surv (www.esurv.co.uk) is the Valuation business of LSL Property Services plc (www.lslps.co.uk) and is the UK’s largest residential valuation practice, acting for lenders, developers, Social Housing organisations and other stakeholders in the residential propertymarket. The business employs circa 450 chartered surveyors and covers the entire UK.

LSL Land & New Homes is a trading style for members of the LSL Property Services Group Estate Agency Division, one of the leading residential property services groups in the UK. It’s strategy is to create partnerships with developers and builders to support their objectives and add value to their businesses.It can provide integrated solutions for their benefit drawing on the expertise of companies who are also under the LSL Group umbrella including valuation services (e.surv), rental portfolio services, asset management services and estate agency services fronted by well-known high street estate agency brands like Your Move and Reeds Rains. Services can be tailored to suite individual needs from bespoke site sales and marketing, agency referral to the disposal of part exchange, assisted schemes and new build stock, land sales and acquisitions.

For further information or enquiries regarding the underlying data of the LSL New Build Index, please contact Richard Sexton via email [email protected] by phoning 07968 932118.

For further information about the LSL Property Services Group including LSL Land & New Homes and e.surv, visit www.lslps.co.uk


[email protected]

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Land & New Homes


LNH

1008

04/

2015

Part of the group



Documents

LSL New Build Index April 2015