New homes/townhouses

LostBuyer

Why do new homes seem to have lower value or its price increase less than an older. (over 20 year or so).

I also notice that townhouses stay on the market longer than "conventional" houses.

Is there any reason or is it just a matter of preference?

PasturesNew

New houses have a "new house" premium - just for being new. Once somebody's lived in them they are no longer new, so are worth less.

Many people don't like the fact a town house has a small footprint and too many stairs - I wouldn't have one.

Dave_the_Ginger_Cat

Many people also dislike the fact that that noise can carry more in newer builds. It's a matter of preference - they also ought to have lower repair and heating bills than the Victorian piles which I buy tend to have. I prefer architechture from the start of the century - the previous one!

From_St_Neots

Townhouses tend to be bought by childless couples. Once they start to have kids, then many don't like sleeping on different floors to their young children.