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October has seen new home buyers return to the market in their droves with a record number of site visits and searches, says SmartNewHomes.com.

The average price of a new home is up 1% since July and up 0.7% since the same time last year.

Following its recent fall in popularity the new detached home has made a come back in October with the average price up 3.6% on the previous month – the biggest recorded price growth across the mix.

In contrast, the townhouse has experienced a fall over the same period, with average prices now just over £240,000.

SmartNewHomes.com also records how much home buyers indicate they are willing to pay for a new home.

Buyer confidence has continued to rise steadily this month as the price buyers are willing to pay for a new home (demand price) continues to increase, reflecting the upward turn in the current price of a new home across the UK (stock price).

October has proved a positive month for new home buyers as record numbers search the SmartNewHomes.com site for a new home. Prices are now back on track for a positive end to 2006, overtaking those prices experienced at the same time last year.

The average price of a new home reached £257,036 in October, compared with £255,327 in October 2005, resulting in a 0.7% annual price increase. 

The latest fixed rates are online and available from www.Mortgage-Shop.co.uk, FREEPHONE 0800 092 0800.

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