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%

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Letting Agent Talk

The pros and cons of renting to students: is it the right choice for you?

Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More →
Finance

Autumn Budget Misses Mark on Housing Reform: UK Rental Market Squeezed by Shortages and Rising Rents

The UK rental market faces mounting pressures, with a recent Rics survey revealing a critical shortage of properties and surging rent prices. Landlord instructions, a key indicator of properties available to rent, fell to a net balance of -29%, marking this the lowest level since 2021. Strong tenant demand is driving rents higher, with 33%…
Read More →
Estate Agent Talk

Save a house deposit faster than ever in THESE areas!

Save a house deposit faster than ever in THESE areas! Aberdeen City in Scotland is named the best place to live if you want to save for a house deposit fast, saving in as little as a year and a half Inverclyde is second, whilst Burnley is third Average salaries and house prices in each…
Read More →
Estate Agent Talk

Finding Your Dream Home: Expert Advice from Camberley’s Top Estate Agents

Finding the right estate agent is crucial when navigating the competitive housing market in Camberley. With local expertise and in-depth market knowledge, these professionals can guide you toward your ideal property, saving you time and effort. Their understanding of the area’s nuances, from property trends to community relationships, positions them as indispensable allies in your…
Read More →
Breaking News

Zoopla reveals most affordable towns in Britain

With the average home valued at nearly four times average household incomes, Zoopla reveals the most affordable towns in Britain   An average property in Britain is valued at 3.8 times the average annual household income (assuming 2 full-time workers) Cumnock in Scotland, is Britain’s most affordable town to buy in 2024 with average property…
Read More →
Software & Tech

The Evolving Nature of Real Estate and Strategies for Agency Success

Real estate agents are used to working with fluid market dynamics. Adapting their sales strategies and responding to new industry demands is almost second nature to most agencies today. However, while making the necessary adjustments when following housing market trends is important, it’s also important for agencies to consider new business innovations that become available…
Read More →