Existing homes have risen some eight per cent in value in the past year while the price of a typical new build is now 28 per cent more than 12 months ago.
The current average price of an existing home in Britain is £272,851; by contrast the average price of a new-build has risen from £330,662 to £422,414 – up by well over a quarter.
The gap is even greater in some regions.
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