Where are the highest sales of new builds in the UK?

A new report has revealed the regions of the UK that are home to the greatest concentration of new build properties, as a share of all property sales.

According to the data from Zoopla, the highest proportion of new builds in Britain as a share of property sales are in Milton Keynes, accounting for 33.2%.

New Builds

Crewe came in second with 29.6%, with the Greater London town of Ilford in third with 28.8%. There were only two regions of Northern England that made it into the top ten positions.

On the other hand, the Shetland village of Sandness has the lowest proportion of property sales for new build properties, at only 0.5%. The next two lowest records were seen in Orpington at 2.7% and Dumfries at 2.9%.

In addition, Zoopla looked at house price values have changed in regions with a greater proportion of new build housing. This data reveals that in areas with a new build concentration of 25% or more, values have grown on average by 29.7% in the past five years.

This is 6% greater than the national average property price growth rate, which stands at 23.6%.

Where are the highest sales of new builds in the UK?

By region, the highest concentration of new build homes are found in the South of England, followed by the Midlands and then the North.

Sales

Lawrence Hall, spokesperson for Zoopla, observed: ‘New housing sales account for 1 in 10 property sales each year but this varies across the country. These new findings give us a useful overview of where new builds are most common around the country, outside of London. Clearly, areas such as Milton Keynes and Crewe are benefiting from new investment by developers.’[1]

‘While there is a correlation between a large proportion of new builds and higher property price growth, new homes are typically developed in areas of high demand, which has already contributed to a rise in property values,’ he added.[1]

[1] http://www.propertyreporter.co.uk/property/where-is-britains-new-build-capital.html