Do new builds lose value?

[pomadas87]

We are considering looking for a new build property - we could get a lovely looking 3 bed house with garden for the same price as our period 1-bed flat it seems!
However, DH seems to think we want one that has already had one owner, and not be the property's very first owners as new builds decrease in value initially. Is this true? We would probably be there about 5 years.

We bought a big 5 bed detached new build 6 years ago and it’s gone up in value by £150k so they don’t all loose money!!

Generally yes they do unless house price inflation is running very high.

Unless you have a prime location on the estate, most buyers go for the new one and pick their own fittings.

A friend paid £400k for a semi detached in Yorkshire. No garage at all. 5 foot front garden. Can't sell for anywhere near that price and even the newer ones in the estate have part ex offer now as well.

If you buy new you really need to be prepared to stay a good few years or have a good equity cushion in it