Despite the difficult economic conditions over the last few months, the registration of new homes between July and September were some of the highest since 2007. However, the NHBC warn of a ‘slowdown ahead’. We look at the figures, including where new home registrations are the highest. Find out more…
The growth in the number of new home registrations
According to new data from NHBC, a total of 44,729 homes were registered to be built in the UK for Q3 (July to September 2022). This ranks as the highest number of registrations during this period since 2007. Looking at private sale homes specifically, they increased 26% compared to the same time in 2021, to 32,702 registrations.
Despite the positivity around these figures, the NHBC predicts new-build home sales will ease while recession uncertainty remains. With the increased mortgage rates, the higher cost of living, and consumer confidence falling, a slowdown is forecasted in the industry.
All types of properties are increasing
For now, there have been increases in new registrations for all types of property. Last year, new registrations for detached homes far surpassed those of apartments. This was largely down to the ‘work from home’ trend which came off the back of lockdowns and employee safety during the pandemic. This year, and with people returning back to the office, even if not on a full time basis, apartment demand has returned. As such, the number of apartment registrations increased by 114% compared to Q3 in 2021, to 9,006. And most of these new registrations for flats (45%) were in London. Detached homes are still popular and new registrations for detached properties increased by 25% to 15,729.
At the same times as new registrations increasing, new home completions also grew in Q3. The NHBC state that despite some continuing supply chain disruptions, new home completions increased 9% to 34,977.
Which areas are the most popular for new home registrations?
Out of the 12 regions in the UK, 10 of them saw year-on-year growth in new registrations in Q3. The areas where the increases were the most significant include London, the West Midlands, Scotland, and Wales.
To see what hew-build homes are either available or in development in these regions, continue reading!
We share some of the developments from leading housebuilders, all of which you can find on our website.
The West Midlands - Rectory Gardens in Sutton Coldfield from Miller Homes
Homes are still under construction on this exciting development of 2, 3 and 4-bedroom homes. Sutton Coldfield is the perfect location to buy a new home – it’s in easy reach of Birmingham and the motorway network. Plus, the National Nature Reserve Sutton Park, one of the largest urban parks in Europe is on your doorstep. There are plenty of amenities nearby including an excellent variety of options for sports and leisure.
And for shopping - only ten minutes’ walk away is Churchill Parade, a small shopping precinct. A slightly longer walk or short bus ride away, there are two covered shopping malls with supermarkets, cafes and restaurants.
This is The Morrison, a well-proportioned home with three double bedrooms. There is ample downstairs living space with a generously sized kitchen/diner, a WC, and a large walk in storage cupboard off the hallway. The property offers three double bedrooms, with an en-suite to the master.
Prices for this 3-bed detached home start from £489,000. See more about Rectory Gardens here.
Scotland - Torrance Park in Motherwell from David Wilson Homes
Head to Holytown in Motherwell and surrounded by plentiful green space, you will find the stunning new home development that is Torrance Park. It offers convenience on the doorstep with a post office, coffee shops and pubs all within a few miles while Glasgow city centre is only a 20-minute drive in the car. Local schools are a short walk away and commuter links in the area are excellent.
Shown here is The Duart, a three-bedroom semi-detached home which has been designed to accommodate modern living. An open-plan kitchen and family area has French doors leading to the garden. While upstairs, the cosy main bedroom features an en-suite as well as two other double bedrooms, and a family bathroom.
The property benefits from off-road driveway parking for two vehicles, with a private fully turfed garden to the rear. Prices of The Duart start from £281,995.
See more properties at Torrance Park from David Wilson Homes here.
Wales – Hanbury Locks in Cwmbran from Barratt Homes
Over in Wales, Barratt Homes are in the process of finishing Hanbury Locks, a peaceful development which features 3, 4, and 5 bedroom homes. Located alongside the Brecon & Monmouthshire Canal and surrounded by open woodland, there are plenty of options for walks on your doorstep. And if you have a growing family, there are great primary and secondary schools nearby while shops, bars, and restaurants can be found in Cwmbran town centre which is only minutes away.
This is The Chester, a 4-bed detached property available for sale on Hanbury Locks. It offers a lovely spacious open plan kitchen to the ground floor with a separate lounge that boasts lots of light. For convenience, there is a downstairs WC and a storage cupboard, also. The property has two double and two single bedrooms upstairs, with an en suite to the main bedroom. The home comes with a garage and a driveway for parking. Prices for The Chester on Hanbury Locks start from £334,500.
Take a look at this property and others available on Hanbury Locks, here.
London – Springfield Place in South West London from Barratt Homes
This development, when complete, will form part of an exciting new residential village. Designed to connect Earlsfield to Tooting Bec, there will be lots for new residents to enjoy. As well as a 32-acre park, there will be a supermarket, café, and a public square. Provision has been made for a new primary school, and there will be a variety of new homes to choose from. Springfield Place offers a mix of apartments and houses, all high-quality in design and energy efficient.
This is a two-bed end terraced property available at Springfield Place. As well as being spacious, with a stylish U-shaped kitchen fitted with integrated appliances, the modern living area opens up onto a south-east facing garden with patio area. The two double bedrooms also offer more than ample space and each boasts either an en suite or shower room. If you’re looking for a new-build home in London, don’t miss out on Springfield House. Find out more here.
Wherever you hope to buy a new-build home in the country, our website has you covered! We list properties on new build developments from housebuilders large and small. Let us save you time and energy. Start your search by entering your ideal location in our website here.