It costs over twice as much to buy a property than to build one in England, suggesting house prices are being fired up well beyond their natural level.
That’s according to analysis from Searchland , the development site sourcing specialists, which compared basic building costs in terms of labour and materials to new build prices.
Research by the estate agent comparison site, GetAgent.co.uk , reveals that locations of high value where property prices are concerned, more often than not, come with heavy traffic congestion in the immediate surrounding area.
In England, the average house price currently stands at £284,029 while the national average traffic delay on any given journey is 44 seconds per vehicle per...
