New properties are not necessarily less valuable than older buildings, it has been claimed.

John Slaughter, spokesperson for the Home Builders Federation, asserts that market conditions are more likely to influence house prices than the age of the building itself.

The value of a property is often a determining factor in deciding the maximum homeowner loan which may be secured against it.

But Mr Slaughter notes that oversupply means, in some areas, that new houses go down in price relatively quickly.

"It would be a reflection of that market supply and demand situation for that particular type of accommodation," he explains.

Owners of new property might therefore opt to obtain a homeowner loan soon after moving in if they are to make the most of the equity in their new house.

However, in some areas he notes that house prices remain high due to demand - giving the example of Leeds, where he claims there is a shortage of family homes.ADNFCR-1287-ID-18346832-ADNFCR

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