These are Britain’s current new-build hotspots for homebuyers

July 8, 2020

Over the last year, 12% of all property transactions in Britain have been new-build homes, but in Britain’s new-build homebuyer hotspots they account for as much as 46% of sales.

Research from property developer, StripeHomes, analysed property transaction figures from the Land Registry to reveal which areas have been home to the highest level of new-build sales as a percentage of all transactions.

Regionally, the North East, London and the East of England are Britain’s new-build homebuyer hotspots, with 14% of all property transactions accounting for brand new homes.

However, the London Borough of Tower Hamlets ranks as Britain’s hottest spot for new-build property sales. Over the last year, a massive 46% of transactions in the borough have been new build homes.

Greenwich is the nation’s second-hottest spot for new-build transactions, with new-build homes accounting for 32% of all sales in the last year.

East Lothian, Vale of White Horse, Wokingham and South Derbyshire have also seen 30% or more property transactions attributed to the new-build sector.

Hackney, Harborough, Bracknell Forest and Cherwell also rank within the top 10.

Gosport has seen the lowest level of new-build transactions as a percentage of all transactions. Just 0.16% of sales in the last year were new-build homes. Blaenau Gwent, Hastings, Portsmouth and the Western Isles also saw less than one per cent of sales attributed to the new-build sector.

Number of new-build sales as a percentage of total sales nationally
Location
New Build Sales ( 12 Months)
Existing Sales ( 12 Months)
Total Sales (12 Months)
New Build as a % of Total
England
100,129
690,606
790,735
13%
Scotland
12,250
89,531
101,781
12%
Wales
3,449
42,240
45,689
8%
Great Britain
115,828
822,377
938,205
12%
Number of new-build sales as a percentage of total sales regionally
Location
New Build Sales ( 12 Months)
Existing Sales ( 12 Months)
Total Sales (12 Months)
New Build as a % of Total
East Midlands
10,002
65,145
75,147
13%
East of England
12,837
80,433
93,270
14%
London
11,464
70,934
82,398
14%
North East
5,447
33,071
38,518
14%
North West
13,598
96,987
110,585
12%
South East
17,323
117,457
134,780
13%
South West
10,457
81,886
92,343
11%
West Midlands Region
9,963
71,259
81,222
12%
Yorkshire and The Humber
9,038
73,434
82,472
11%
Areas with the highest number of new-build sales as a percentage of total sales
Location
New Build Sales ( 12 Months)
Existing Sales ( 12 Months)
Total Sales (12 Months)
New Build as a % of Total
Tower Hamlets
1,418
1,692
3,110
46%
Greenwich
1,006
2,144
3,150
32%
East Lothian
746
1,662
2,408
31%
Vale of White Horse
679
1,585
2,264
30%
Wokingham
842
1,997
2,839
30%
South Derbyshire
673
1,598
2,271
30%
Hackney
640
1,607
2,247
28%
Harborough
463
1,176
1,639
28%
Bracknell Forest
640
1,632
2,272
28%
Cherwell
680
1,750
2,430
28%
Rugby
586
1,532
2,118
28%
Newham
531
1,433
1,964
27%
Salford
1,172
3,203
4,375
27%
Central Bedfordshire
1,350
3,774
5,124
26%
Corby
331
938
1,269
26%
Areas with the lowest number of new-build sales as a percentage of total sales
Location
New Build Sales ( 12 Months)
Existing Sales ( 12 Months)
Total Sales (12 Months)
New Build as a % of Total
Gosport
2
1,282
1,284
0.16%
Blaenau Gwent
3
893
896
0.33%
Hastings
9
1,468
1,477
0.61%
Portsmouth
23
2,681
2,704
0.85%
Na h-Eileanan Siar
3
331
334
0.90%
Castle Point
16
1,349
1,365
1%
Thanet
34
2,203
2,237
2%
Ceredigion
15
969
984
2%
Brighton and Hove
64
3,569
3,633
2%
Southend-on-Sea
55
2,618
2,673
2%
Wyre Forest
31
1,456
1,487
2%
Rhondda Cynon Taf
79
3,372
3,451
2%
Rossendale
28
1,144
1,172
2%
Worcester
38
1,473
1,511
3%
Woking
33
1,279
1,312
3%

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