Do you really pay more for a new build?
New homes often sell at a premium to similar older ones. The sold-price record lets you see the gap — and what happens to it later.
There’s a long-standing belief that new-build homes carry a price premium — that you pay extra for the “showroom” condition, and some of that fades once the home is no longer new. The sold-price record is the place to test it.
The record knows which is which
HM Land Registry flags every sale as either a new build or an existing property. That lets us separate the two and compare like for like within an area, rather than lumping them together into a single average that hides the difference.
Why it matters for buyers
If you’re weighing a new build against an older home nearby, the premium is real money — and it interacts with everything else on this site. A new build might cost more per square metre; the resale a few years on tells you whether that premium held. Viewing the trend in real terms strips out inflation so you can see genuine movement, not just a bigger number.
None of this is guesswork — it’s all in the official record, which is exactly where a decision this size should start.