NHBC shows number of new build homes in UK at highest for over a decade

 

Latest figures released by the National House Building Council (NHBC) for homes registered by builders responsible for building around 80% of new UK homes reveal that levels are at their highest for over 10 years.

London developments boost total UK new homes registered

The industry body attributes part of the rise in numbers to the increase in large developments across London.

As the main UK warranty and insurance provider, the NHBC requires builders to register houses with before commencing construction.

The total number of new homes registered between July and September 2018 stands at 43,578 – an increase of 15% year-on-year.  This is the highest figure since Q3 in 2007, prior to the global financial crash, when the total of new homes reached 49,520.

Private sector new homes were up by 16% at 33,520 and in the affordable sector, the total of new homes recorded was 10,058 – an increase of 12%.

Regional growth in new homes registration

London came top of the UK regions recording growth, followed by Yorkshire and the Humber up by 39%, the South West reporting growth of 34% and Scotland was up by 20%.

Official figures available indicate that the housebuilding sector delivered over 217,000 new homes across England in the financial year 2016-17, proving that the industry has fully recovered from the lows tracked during the financial crisis.

Demand for new build stands firm despite Brexit questions

NHBC’s chief executive, Steve Wood, said: “The industry remains cautious in the short-run until the economic impact of Brexit becomes clearer.  However, the upturn in registrations over recent months is good news for the industry and shows that there remains a strong demand for high-quality new homes in many parts of the UK.”

CityGreens, Solihull, Birmingham

City-style apartments directly on Birmingham's largest park

  • Limited pre-launch prices.
  • ZERO ground rent
  • Excellent tenant demand

£182,000 - £419,000

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

new-build

NHBC shows number of new build homes in UK at highest for over a decade

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.