New house prices are falling across the board. Normally building a new house will not be good value due to the value of the property is mainly due to the land and location. Rather have bigger land than build a new house. House will always depreciate - especially new luxury houses, these things drop a lot in value, land is good if bought at low price and will be able hold value and possibly to appreciate (this only applies if you had good buy in price, if bought at bubble price good luck with getting your money back).
Prices of houses are over inflated and fueled by debts. Interest rate is low and going lower and it is still not helping the housing market recover.
Property availability on the market for sale have increase a lot in comparison to prior years.
gold, page-56861
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