Is there a price premium for new homes?

Is there a price premium for new homes? It's easy to see why new build homes are so desirable. People like shiny new things - especially if it's a brand new house to live in. Whether it's a car, gadget or property, there will always be a premium payable for something that is brand new. Just like different models of cars, the price you can expect to pay for a new build will depend on style, location and brand. New build properties have always been more expensive than second-hand homes, often costing between 15 and 20 per cent more. Over the last few years, the price gap has increased even further with some new build properties commanding between 30 and 40 per cent more than older homes, although this is partly down to government incentive schemes. Read more: https://www.alexanderandco.co.uk/market-updates/bicester/374-is-there-a-price-premium-for-new-homes