New builds were more expensive in the North as well.
New build homes sold in England and Wales last year werean average of 19% more expensivethan pre-owned properties, Monmouthshire Building Societyhas found.
This means that new build buyers were paying an average of £55,568 more for their property.
The North was the most expensive region to buy a new build rather than a pre-owned property, with new builds being £75,005 more expensive on average.
This was followed by Wales, where new builds were an average of £69,350 more expensive than pre-owned properties.
Across England and Wales, detached new builds were actually 10% cheaper than pre-owned detached properties.
For all other property types it was more expensive to buy anew build, with new build flats being 53.7% more expensive than pre-owned flats.
