New build property prices are increasing at more than 10 times the rate as those for existing housing stock.
The typical cost of a new build home in England is rising at an annual rate of 4.3%, while property values for existing homes have edged ahead by just 0.3%, according to the latest figures from the Land Registry.
The trend is seen across all regions of England, with the average new build property costing £316,789, compared with £245,173 for other homes.
In many parts of the country property values for the two different property types are moving in opposite directions.
While house prices have fallen year-on-year for existing housing stock in London, the south east, the north east and the east of England, the cost of a new build home has jumped by as much as 3.6%.
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