AIBU to wonder why our fairly priced new-build house is not selling?

It’s really tough. Can you not adjust the price of the house you go onto buy?

@PeonyPatch I've adjusted them by £100k .
However today another modern house was launched at my original price. I'd be surprised if it sells as it in a high density development, We're not
I got caught in 2008 and I'm really struggling with this now.

I think you are going to need to adjust your expectations… the market simply isn’t good for sellers right now.

We live near a very posh market town and new 5 beds are £895k.
However ours has been reduced as my illness means we have to move. I'm paying the same for a mobility friendly terraced two bed albeit it's a period property. It's madness and having never owned a modern house before this I had no idea there was such a small group of buyers. I love the house and the location but it's not shifting or getting many views. I can't afford to reduce it to what I paid as I can't buy my onward home.
I feel really concerned after reading all the responses.

Yep. My home town is somewhere we can't afford to live. The town we live in has 3 bed terraces for around £150k, the town we grew up in the same house would be £300k.

If you start looking at only 5 bed detatched properties in my home town the very cheapest available is £680k, in the town we've had to live in it's £400k and far fewer to choose from.

I'm not begrudging the OP a lovely home and a high enough income to buy and sell around the £700k mark. We've had a lovely "family home" (only a family home because a family lives here, it's not detatched and we only have one bathroom) but we had to buy a Victorian terrace to get somewhere we could afford with the number of bedrooms we needed and a garden. We also weren't able to live where we wanted to because of gentrification. Our parents, our sports clubs, our church, it's all still in that home town that we go to weekly, we engage in the community as much as we can but we can have a much better quality of life living in a cheaper home in another town.

It wouldnt necessarily be 100s of thousands as it was limited to 20% of the purchase price, so typically 40-60K for a FTB however if your mortgage effectively doubled, CoL, redundancy etc then it becomes tricky once you reach the 5 year point when interest kicks in
Plus interest charge is CPI plus 2% evaluated every April
The trouble is most people did not anticipate mortgages doubling as interest rates had been so low for so long

People did get caught up in all the insta crap I think, really sad, it is a large box near a roundabout on the edge of town in many cases, a lot of those buyers have already lost money.

Do you mean sellers?

Not if they bought a NB in the last 5/6 years when there was a race on and prices went mad
As previously mentioned new house premium all those nice upgrades offered are not free plus if you want a NB you dont want a 5 year old house
You wont have paid off very much and I agree with @KeepPumping
Juat because you paid X for it 3 years ago doesnt mean you will get the same now for your 3 year old house particularly if people get caught up in all the developer blurb , Insta for that development etc

Yes, putting 100"s of thousands of pounds of borrowing on the "deal with later" pile is always a risk.

Fair enough, probably does vary from site to site actually because not everyone is unhappy obviously.

OP said that it is a very "young family" area. It seems that not many in this demographic could afford a 650k house!

I haven’t found this to be the case, many buyers are hundreds of thousands away from negative equity.

With the fact that the housing market is likely to crash people are only moving if they actually have to as no one wants negative equity.

I think the market was so hot and zero Stamp duty, they didnt want to miss out and just put it on the deal with later pile.

With interest rates on the mortgage at sub 2% I dont think anyone anticipated the jump that followed .
It all looked affordable
My DS was about to buy but has put it off for now
I think there will be a gentle slide to around -30% , I agree @KeepPumping people are deluded

NHBC ten year warranty and builders correct any snagging issues. My daughter and her husband bought their house through Linden Homes and they were excellent. But I think it depends on the site manager, to be fair.

If sellers don"t drop price the prices can"t plummet, there is a slow down-drift from "down-valuations" but even then a lot of sellers won"t accept it and cling to the belief that the next buyer (if there is one) will get the "right" valuation, people are totally brainwashed about house prices in the UK now. Everyone viewing a house to buy or rent already lives somewhere so there are definitely enough units.

You'd think that house prices would have plummeted if we literally are building too many homes (Im not convinced we are building too many homes but this seems to imply we are)

Warantees I think, but often there are complaints that developers are slow to respond, dont follow through with legal obligations etc

Exactly, but it is also demand, if new build sales can fall 60% there obviously isn"t enough demand, too many units have already been built.

What safeguards do you get by buying a new-build, it seems to me it is a big financial mistake and there are endless stories about poor workmanship?

It really wont be helpful hints about layout and decor that will sell OPs home, it really wont

From her description, she has 4 ok sized rooms, a big downstairs, a garage, nice decor, a landscaped garden, nice area

It is simply price.

Quibbling over moving a sofa round or taking a picture from a different angle really wont make any difference at all

Have you’ greiged’ it? So many dire grey houses out there

Do you think people at the time thought the house would shoot up so much in value that they could cover all this easily and still be in profit?

If there’s a link people can comment on layout, advert, photos, similar properties in area. Yes some people will pick apart trivial decor things but I’ve seen genuinely useful comments on similar threads eg there was one where boundary wasn’t clear at all, so op got that useful feedback.