Hotspots for Homebuilding in UK

Research through real property debt advisory specialists, Century 21, has printed that Warwickshire, Oxfordshire and Cambridgeshire rank as the nation’s housebuilding hotspots when it comes to the wide variety of new houses built on an annual basis in relation to the whole dimension of the property market.

 

Century 21 Hove analysed government housebuilding numbers for whole everlasting dwellings finished in 2020/21 throughout each county of England. They then seemed at how this parent stacked up when compared to the wider context of housing market size, through evaluating it to the total number of dwellings in every county to see the place we’re truly constructing the most.

 

The modern-day figures show that throughout England, 155,950 new residences have been built in 2020/21, equating to 0.63% of the nation’s property market.

 

Regional house building hotspots

 

 

Regionally, the greatest injection of new houses was seen in the South East, where 27,270 residences had been constructed equating to 0.68% of the complete property market.

 

The East Midlands and East of England additionally saw some of the biggest ranges of homes built in the context of their respective property markets sizes. The 14,230 homes constructed in the East Midlands and the 18,310 constructed in the East of England each equate to 0.67% of whole market size.

 

Yorkshire and Humber noticed the lowest level of new houses delivered on an annual foundation in relation to the whole measurement of the market. The 13,390 homes built throughout the location equate to just 0.54% of the whole property market.

 

County level housebuilding hotspots

 

At a county level, Warwickshire has considered the biggest increase to the neighborhood property market in the way of new housing stock. The 3,050 properties built in the course of 2020/21 is equal to a big 1.16% of the existing property market.

 

Oxfordshire ranks 2nd and is the only other county where annual housebuilding figures equate to more than one per cent of the current market (1.15%).

 

Cambridgeshire (0.99%), Buckinghamshire (0.95%) and Wiltshire (0.92%) additionally rank amongst the counties where we’ve been constructing the most.

 

Managing Director of Sirius Property Finance, Nicholas Christofi, commented:

 

“The nation needs greater housing and while some areas may additionally have been marked as housebuilding hotspots, the actual influence of this housing delivery can’t constantly be established based totally on pinnacle line completion figures alone.

 

When viewing construct completions towards the wider context of basic market size, we can get a higher thinking of where has considered the largest raise to the property market in terms of the number of new homes being delivered.”

 

Data on the range of everlasting dwellings achieved in 2020/21 sourced from Gov.uk - 

 

Century 21 Brighton & Hove Estate Agents
43 Goldstone Crescent
Hove
BN3 6LR
UK
01273 967014

https://www.century21brightonandhove.co.uk/