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The average house price of new build property in the UK has increased by 12 per cent over the past five years with the average price now at £233,822.

A 9 per cent higher than the UK average house price for all properties, according to analysis from Halifax.

Nationally, there has been an increase of 40 per cent, from £166,473 over the past 10 years. Regionally, the biggest rise in the past ten years has been in Greater London where the average price for a new home has risen by 57% to £415,540.

The north-south divide is as prevalent in the price of the new homes market as it is in the overall market. Over the past five years, more than half of UK regions saw the average price of new homes fall, with the north experiencing the greatest fall of 10 percent to an average of £157,190.

In 2012, flats (37%) were the most popular type of new property sold, followed by terraced homes (24%) and detached properties (23%). Yorkshire and the Humber had the greatest proportion of terraced properties sold (30%), with Greater London seeing the highest proportion of sales of new build flats in 2012 (88%).

Amy Loddington

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