Number of new homes registered in London on rise

The number of new homes registered in London has more than doubled this year.

New figures from the NHBC, which provides warranties and insurance for new homes across the UK, have revealed that more than 7,000 new homes were registered with it in London between March and May, a rise of 125 percent on the same period last year.

Increase in developments

Across the UK, more than 16,000 new homes were registered to be built in May, up 11 percent on 2018.

The NHBC said there has been new house building growth in eight out of 12 UK regions. London in particular is standing because a large number of new developments have started in 2019.

Encouraged by figures

Steve Wood, chief executive of the NHBC, said: “It is encouraging to see such strong figures in May.

“This has been helped by the increase in the private rental sector and the upturn in London, fuelled by inward investors as well as new developments from established players.

“Of course, we will be working with developers to maintain and improve the quality of the new homes.”

About the Author Frances Traynor

Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]