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Hottest Housebuilder Spots

£57bn worth of new homes have hit the market in the last year – here are the hottest housebuilder spots

The latest research has looked at where is currently home to the most lucrative new build markets for UK housebuilders based on the number of new homes hitting the market in the last year. 

The figures show that 203,900 new build homes were completed in the last year across the UK and with the average new build selling for £282,253, that’s over £57bn worth of new homes delivered by UK housebuilders. 

The vast majority of these have been completed in England with 169,020 new homes delivered at an average new build value of £302,642, accounting for £51bn worth of new build value across the UK. Wales has seen the lowest level with 5,780 new builds totalling a value of £1.2bn. 

Regionally, the most valuable housebuilder hotspots have been the South East, where completed properties hitting the market in the last year total a value of over £12bn. London is hot on the South East’s heels though, with 19,360 completed new homes bringing nearly £9.5bn in value to the capital’s new build sector. 

However, on a more granular level, it’s Greater Manchester that takes the crown as the most valuable new build housebuilder hotspots in the last year. With 7,080 new homes completed to the tune of £205,237 in value, the area has seen a total of £1.4bn alone hitting the market in new build property values. 

West Yorkshire (£1.1bn) and the West Midlands (£1bn) have also been some of the housebuilding hotspots in terms of value entering the market in the last 12 months. 

Tower Hamlets (£830m), Newham (£767m), Barnet (£750m) and Hackney (£647m) also make the top 10 most valuable housebuilding hotspots for new home delivery in the last year. 

Founder and CEO of Stone Real Estate, Michael Stone, commented:

It’s very encouraging to see that despite the backdrop of political turbulence and slower house price growth over the last year, the nation’s housebuilders have continued to deliver a staggering amount of stock to the market. 

Not only does the completion of these homes help meet homebuyer demand, but the value of these properties is also helping to stimulate the market and rejuvenate house price growth after months of Brexit uncertainty. 

London and the South East may have seen the largest decline in price growth as a result of this uncertain market landscape, but despite this, they lead the pack in terms of the value of new homes being delivered to the market. This provides a very firm foundation on which to build and will help accelerate price growth now that buyers are returning to the market with the intent to transact.

Market value of new homes completed in the last year by nation
Location Dwellings completed annually Average NB price Total value
England 169,020 £302,642 £51,152,473,040
Wales 5,780 £210,375 £1,215,968,155
Scotland 21,290 £204,970 £4,363,811,169
Northern Ireland 7,810 £161,058 £1,257,866,446
United Kingdom 203,900 £282,253 £57,551,405,076
Market value of new homes completed in the last year by region
Location Dwellings completed annually Average NB price Total value
South East 32,060 £375,221 £12,029,594,888
London 19,360 £490,004 £9,486,477,287
East of England 19,230 £360,326 £6,929,078,160
South West 20,300 £298,494 £6,059,437,215
West Midlands 16,800 £263,613 £4,428,702,486
North West 20,130 £216,447 £4,357,069,620
East Midlands 15,970 £257,647 £4,114,620,142
Yorkshire and the Humber 14,000 £202,407 £2,833,697,140
North East 9,050 £185,211 £1,676,159,929
Highest market value of new homes completed in the last year by area
Location Dwellings completed annually Average NB price Total value
Greater Manchester 7080 £205,237 £1,453,080,617
West Yorkshire 5660 £203,809 £1,153,557,751
West Midlands 4400 £236,267 £1,039,574,333
Tower Hamlets 1820 £456,009 £829,935,621
Wiltshire 2400 £328,790 £789,096,901
Newham 1600 £479,573 £767,317,350
Barnet 1390 £539,832 £750,366,917
Wokingham 1510 £493,479 £745,153,212
Tyne and Wear 3140 £214,448 £673,367,772
Hackney 1120 £577,953 £647,306,882
Lowest market value of new homes completed in the last year by area
Location Dwellings completed annually Average NB price Total value
Hastings 20 £240,757 £4,815,149
Stevenage 20 £372,893 £7,457,867
West Somerset 30 £275,730 £8,271,914
Hyndburn 90 £93,320 £8,398,834
Gosport 40 £235,265 £9,410,581
Adur 30 £341,363 £10,240,880
Rossendale 50 £219,151 £10,957,537
Eastbourne 40 £295,657 £11,826,281
Copeland 90 £160,261 £14,423,497
West Devon 70 £211,654 £14,815,787
Market value of new homes completed in the last year by London borough
Borough Dwellings completed annually Average NB price Total value
Barking and Dagenham 330 £386,810 £127,647,319
Barnet 1390 £539,832 £750,366,917
Bexley 210 £338,685 £71,123,803
Brent 1010 £469,850 £474,548,057
Bromley 810 £458,644 £371,501,336
Camden 160 £831,889 £133,102,177
City of London 170 £889,483 £151,212,043
City of Westminster 210 £1,068,206 £224,323,174
Croydon 1270 £357,248 £453,704,739
Ealing 710 £479,551 £340,480,877
Enfield 230 £376,407 £86,573,701
Greenwich 930 £403,812 £375,545,561
Hackney 1120 £577,953 £647,306,882
Hammersmith and Fulham 380 £674,824 £256,433,295
Haringey 240 £507,663 £121,839,104
Harrow 690 £414,870 £286,260,476
Havering 240 £405,854 £97,404,952
Hillingdon 380 £446,731 £169,757,915
Hounslow 410 £365,650 £149,916,486
Islington 370 £600,445 £222,164,735
Kensington And Chelsea 190 £1,159,952 £220,390,832
Kingston upon Thames 120 £523,215 £62,785,838
Lambeth 840 £539,965 £453,570,812
Lewisham 600 £401,652 £240,991,103
Merton 110 £596,954 £65,664,919
Newham 1600 £479,573 £767,317,350
Redbridge 470 £554,433 £260,583,329
Richmond upon Thames 130 £551,249 £71,662,384
Southwark 1130 £506,471 £572,312,187
Sutton 260 £397,807 £103,429,906
Tower Hamlets 1820 £456,009 £829,935,621
Waltham Forest 470 £473,335 £222,467,501
Wandsworth 380 £597,771 £227,153,123

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