foxie48
Developers sell in exactly the same market as anyone else so new homes have to represent a similar value. So although they won't (by choice) build homes which don't meet their profit margin, they are subject to the same market forces. They can't just stick up the price of their homes. Construction companies have not had it easy since 2019 and last year alone there were over 4k insolvencies, the cost of building land, higher interest rates and the length of getting planning etc has not been helpful to them.
Homes have a great range of prices an older estate home in need of renovation might only be worth £250k a similar new home with everything new, modern and and fully insulated could easily cost £400k. Added to that location there is always a great range, you pay your money and take your choice
