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fall in new build registration after last years record high

Published: 04/11/2019

39,364 new homes were registered to be built across the UK in Q3 2019. This is 4,000 fewer (the equivalent of a 9% fall) on the same period in 2018, albeit that was a record high.

The National House Building Council report private sector registrations fell 16% year on year, while there was an 11% increase in the affordable and rental sector. The latter accounted for 29% of all new build registrations during the quarter.

In comparison, the number of new homes completed rose by 7% to 34,799. 11 out of 12 UK regions experienced a rise, with volumes at their highest in Q3 (quarter three) totals in over a decade in nine of the 12 regions.

To date in 2019, one in every eight properties sold across England and Wales has been a new build, this compares to a long term average of one in 10.

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958