Average house prices for new instructions regarding new build properties being marketed in the East Midlands have dipped by £43,078 between July 2024 and July 2025, according to research by Propertymark.
Elsewhere across the UK, year on year as of July 2025, the North East saw instructions for new build properties dropping by £37,123, and in the South West they fell by £30,826.
Across the entire UK, the average price for a new instruction for new build properties coming to the market stands at around £427,143, representing a substantial challenge for the affordability of many people.
However, many regions experienced price increases regarding new builds, with the East of England seeing a £20,763 increase year-on-year to £523,714. This was followed by the West Midlands where the average price of new build properties rose by £13,182 to £384,443.
In their bid to make housing more affordable, the UK Government is continuing to push forward with implementing the Planning and Infrastructure Bill, which aims to assist with building 1.5 million new homes before the next general election.
Likewise, the devolved nations have also set themselves challenging housing targets to ensure housing supply remains aligned with demand.
Nathan Emerson, CEO at Propertymark, said: “Any house price decreases often represent a positive opportunity for aspiring homeowners to progress with their ambitions regarding ownership. We have witnessed a noteworthy mix of price fluctuations regarding new build properties in various areas across the UK. However, with many mortgage providers typically willing to lend around five times an annual income, there are still substantial challenges to overcome regarding potential affordability for many when looking at average prices regionally regarding new properties.
“Both the UK Government and the devolved administrations have clear cut challenges ahead of them to help ensure house prices are realistic. It remains vital than an enhanced flow of new homes reach the market in the areas where they are needed and the prospect of purchasing a home remains a practical ambition for those who aspire to own a home.”
