New build properties
Newly-built properties have several advantages. They will very often come with a builder's warranty or guarantee, which is often independently guaranteed and can last for up to ten years, providing peace of mind.
New builds also let extremely easily, as the newly completed decoration and brand new fixtures, fittings and furniture are very attractive to potential tenants.
Because of these factors there is typically a premium on new builds. However in some cases a developer seller may have reasons to accept a lower price, for example to complete one more sale in time for an annual report to their investors or shareholders.