Value of UK housebuilder delivery on par with the GDP of Cameroon
The latest research by new home specialists, Stone Real Estate, has revealed that the value of new homes delivered to the market by the UK’s biggest housebuilders over the last year is on par with the GDP of Cameroon.
Stone Real Estate looked at the number of homes delivered by 10 of the UK’s biggest housebuilders over the last year, the average price they achieved and what this equated to as a total value of property entering the market.
Across these 10 major developers, 89,805 properties were delivered to the market last year to a total value of £26.62 billion – only marginally lower than the GDP of Cameroon (£26.94bn) and ahead of the likes of Yemen, Libya and Latvia.
The best performing housebuilder was Barrat who delivered a staggering £4.89bn of property to the market last year alone. This huge effort sees them rank between the GDPs of Lichenstein (£5.13bn) and Malawai (£4.80bn).
Taylor Wimpey also delivered a phenomenal level of stock to the market, with the £4.32bn worth of housing placing them between the GDPs of Guam and Curacao.
Persimmon (£3.42bn), Bellway (£3.18bn) and Berkeley (£2.77bn) all ranked similarly, with the value of property delivered to the market in amongst the GDPs of the Maldives, Eswatini, Sierra Leone and Guyana.
Countryside (£2.10bn) and Redrow (2.09bn) saw enough homes sold to sit between the GDPs of Guernsey and Andorra, while Crest Nicholson (£1.13bn) and Bovis (£1.08bn) delivered the lowest level of property value to the market, although it was still enough to place them between the GDPs of Gambia and Guinea-Bissau.
Founder and CEO of Stone Real Estate, Michael Stone, commented:
“An astounding amount of property has been delivered by the biggest UK housebuilders over the last year and valuable stock not just in a monetary sense, but also in terms of meeting the overwhelming demand for homes across the nation.
To think that these ten housebuilders alone have delivered property to the tune of £26.2bn is huge, but when you consider this is practically on par with the GDP of Cameroon, it really puts it into perspective.
This delivery of housing stock doesn’t just help aspirational home buyers climb the ladder but it also brings a huge boost to the wider economy, one that will be vital over this coming year with the looming threat posed by the Coronavirus.”
|
Ranking – by new homes value delivered in 2019
|
|
|
Developer
|
New homes built – total value
|
|
Barratt
|
£4,899,686,400
|
|
Taylor Wimpey
|
£4,315,298,000
|
|
Persimmon
|
£3,420,066,195
|
|
Bellway
|
£3,180,115,456
|
|
Berkeley
|
£2,766,104,000
|
|
Countryside
|
£2,104,011,000
|
|
Redrow
|
£2,090,753,500
|
|
Galliford Try
|
£1,630,003,500
|
|
Crest Nicholson
|
£1,129,856,000
|
|
Bovis
|
£1,083,533,400
|
|
TOTAL value
|
|
|
Listed 10 developers
|
£26,619,427,451
|
|
£26.62 billion
|
|
|
The total value of 10 housebuilders vs GDP comparison
|
|
|
Nation/Housebuilder
|
GDP equivalent (£billion)
|
|
↑
|
|
|
Congo, Democratic Republic of the
|
31.91
|
|
Serbia
|
31.90
|
|
Azerbaijan
|
31.32
|
|
Cote d’Ivoire
|
31.16
|
|
Jordan
|
30.90
|
|
Tunisia
|
30.77
|
|
Paraguay
|
29.98
|
|
Turkmenistan
|
29.21
|
|
Bolivia
|
29.09
|
|
Bahrain
|
27.20
|
|
Cameroon
|
26.94
|
|
10 UK House Builders
|
26.62
|
|
Yemen
|
24.08
|
|
Libya
|
23.54
|
|
Latvia
|
23.35
|
|
Korea, North
|
21.56
|
|
Uganda
|
20.50
|
|
Estonia
|
20.00
|
|
Zambia
|
19.80
|
|
Nepal
|
19.16
|
|
El Salvador
|
19.10
|
|
↓
|
|
|
GDP comparison for individual house builders
|
|
|
Nation/Housebuilder
|
GDP equivalent (£billion)
|
|
Liechtenstein
|
5.14
|
|
Barratt
|
4.90
|
|
Malawi
|
4.80
|
|
Bermuda
|
4.72
|
|
Monaco
|
4.62
|
|
Eritrea
|
4.48
|
|
Guam
|
4.46
|
|
Taylor Wimpey
|
4.32
|
|
Curacao
|
4.31
|
|
Virgin Islands
|
3.99
|
|
Jersey
|
3.85
|
|
Barbados
|
3.84
|
|
Mauritania
|
3.80
|
|
Fiji
|
3.77
|
|
French Polynesia
|
3.69
|
|
Montenegro
|
3.68
|
|
Togo
|
3.67
|
|
Maldives
|
3.47
|
|
Persimmon
|
3.42
|
|
Eswatini
|
3.40
|
|
Bellway
|
3.18
|
|
Sierra Leone
|
2.78
|
|
Berkeley
|
2.77
|
|
Guyana
|
2.74
|
|
Suriname
|
2.63
|
|
Burundi
|
2.61
|
|
Liberia
|
2.53
|
|
South Sudan
|
2.36
|
|
Gaza Strip
|
2.26
|
|
Timor-Leste
|
2.14
|
|
Faroe Islands
|
2.13
|
|
Lesotho
|
2.12
|
|
Guernsey
|
2.11
|
|
Countryside
|
2.10
|
|
Redrow
|
2.09
|
|
Andorra
|
2.09
|
|
Aruba
|
2.08
|
|
Bhutan
|
1.85
|
|
Cayman Islands
|
1.73
|
|
Greenland
|
1.71
|
|
Galliford Try
|
1.63
|
|
Gibraltar
|
1.57
|
|
Djibouti
|
1.56
|
|
Central African Republic
|
1.49
|
|
Belize
|
1.43
|
|
Cabo Verde
|
1.37
|
|
Saint Lucia
|
1.30
|
|
San Marino
|
1.27
|
|
Antigua and Barbuda
|
1.17
|
|
Seychelles
|
1.15
|
|
Gambia, The
|
1.14
|
|
Crest Nicholson
|
1.13
|
|
Bovis
|
1.08
|
|
Guinea-Bissau
|
1.04
|
|
Solomon Islands
|
1.00
|
|
Northern Mariana Islands
|
0.96
|
|
Grenada
|
0.86
|
|
British Virgin Islands
|
0.79
|
|
Sources:
|
|
|
Nation GDPs
|
CIA World fact book
|
|
Housebuilders
|
Source
|
|
Persimmon
|
|
|
Bovis
|
|
|
Bellway
|
|
|
Taylor Wimpey
|
|
|
Barratt
|
|
|
Countryside
|
|
|
Crest Nicholson
|
|
|
Redrow
|
|
|
Berkeley
|
|
|
Galliford Try
|
|
You May Also Enjoy
Right to Manage: changes to legislation come into effect on Monday
Fall in construction workloads, warns Federation of Master Builders
Propertymark response to latest HMRC UK property transactions report
Nationwide House Price Index – Thoughts from the Industry
Nationwide HPI – House price growth remains solid in February
