New build homes tend to lose value as a result of external market factors rather than a "generic" issue related to new homes, a property expert has claimed.

With housing stock in the UK at a premium, many areas have seen a large number of new build properties spring up but there has been speculation that their value is declining.

However, John Slaughter, a spokesperson for the Home Builders Federation, pointed out this dip is not related to the qualities of new builds.

"It''s really a market situation when that happens. There are some locations where effectively the market has been oversupplied in a particular type of new home."

"There are some inner city locations in the north where there''s been an emphasis on building flats and probably the market, at this stage has been oversupplied for the demand for that particular type of product," he added.

The government is currently planning to build around three million homes over the next 13 years to bring an end to the chronic housing shortage the UK is currently experiencing.

However, the plans have attracted some criticism from the National Trust, which has expressed concern that the green belt is being destroyed to make way for property developments.