UK new home registrations stay ‘resilient’ but fall in Scotland
The number of new homes registered in the UK has remained resilient despite the uncertainty post Brexit vote, though Scotland is one of the regions which saw a decline, according to new figures.
A report published today by the National House-Building Council (NHBC) revealed that there was an on-year increase in the number of both new semi-detached homes and new-build detached homes across the UK in 2016. Semi-detached homes saw a total of 38,999 registrations, marking the highest annual levels since 1986.
New build detached homes saw a total of about 46,118 registrations in 2016, which is the highest for this property type since 2004.
NHBC’s report was based on data from about 12,000 registered builders, who construct around 80% of the new homes built in the UK. These registration figures represent homes that are to be built in the months ahead.
The report was not all positive as there was a year-on-year decline in the number of apartments being registered in 2016. Data also revealed that there were about 38,912 apartments that were registered in 2016. The report said this decline came as the number of family-sized homes being registered increased.
Apart from apartments, the total number of new homes of all types being registered in 2016 was also revealed to have declined last year. This was down 2% year-on-year to 151,687.
Region-wise, the NHBC report showed that the UK capital had witnessed one of the biggest declines. New-build registrations fell by 33% year-on-year in London in 2016.
Other areas that saw a decline include Scotland, West Midlands, East Midlands and Eastern England. The registrations in these areas dropped on-year by 9%, 2%, 8% and 5% respectively.
Meanwhile, several regions witnessed a year-on-year jump in new-build registrations in 2016, including Yorkshire and Humberside, which saw a 27% annual increase. The South East and the North West regions also had increases of 14% and 12% respectively.
NHBC business development director, Mark Jones, said: “Taking into account the extraordinary events of 2016, the UK house-building sector has remained resilient, despite initial caution around Brexit. We have also seen some strong regional growth outside of London.
“Both industry and consumer confidence remains high and early signs indicate that the new year has begun positively.”