Warwickshire tops new-build sales ranking
Warwickshire has been discovered to be the region with the highest number of new-build sales as a proportion of its overall house sales last year.
Research by real estate fund Alliance Fund found the county to have sold 256 new homes in 2022, equating to 3.9 per cent of total market activity.
By contrast, 1,335 new-builds were sold in London last year – by far the highest number – but they equated to just 2.1 per cent of total market activity.
This meant London ranked 24th in the nation when it comes to the level of new-build market activity as a proportion of total homes sold.
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Alliance Fund analysed the level of property transactions to have completed across each county of England over the last year and what proportion of these came via the new homes sector.
The figures show that across England as a whole, some 11,608 new homes were sold in 2022, accounting for 2.1 per cent of total market transactions.
Two areas of the nation, Rutland and the City of London, saw no new-build transactions take place in 2022.
Greater Manchester (634) and West Yorkshire (565) came close to the volume of the London new-build sector, accounting for 5.5 per cent and 4.9 per cent of all new homes sold across England in 2022.
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However, when it came to new-build market activity as a proportion of all homes sold, many regions out-performed the capital.
Shropshire followed Warwickshire closely, with new-build transactions accounting for 3.8 per cent of all homes sold, with Wiltshire (3.7 per cent) and Buckinghamshire (3.4 per cent) also ranking within the top five.
“London certainly remains the dominant force within the new-build sector when it comes to the sheer volume of new homes sold in the last year and with such high-demand, it’s understandable why developers devote so much of their attention to the region,” said Alliance Fund chief executive Iain Crawford.
“However, there are a high number of locations where new-build sales have driven market activity to a far greater extent when it comes to these transactions as a proportion of all homes sold.
“This appetite for new-build properties presents developers with an abundance of opportunity when it comes to where they choose to build, and while London will no doubt remain a consideration, it’s certainly not the only area of focus.”
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