The number of new homes in the UK rose by 7% in 2015

The number of new homes registered for construction in the UK grew by 7% in 2015, reaching an 8-year high , 156140, or in absolute terms.

Data from House Building Council (NHBC) show that the private sector grew by 7% , with 110674 in 2014 to 118611 in 2015, and the public sector increased by 5%, with 35685 before 37529.

London is still the leader among other regions in the construction of new homes. Although in 2015 the number of new homes registered in London dropped as much as 9%, with 28518 homes in 2014, when the record was set last years before 25994 in 2015, this is the fourth part of all residential construction in the country.

Continuing the trend started in 2014, is growing and the market for detached homes reaching magnitude 42173 for the quarter. The number of houses for two people (semi-detached home) reached 35423 and was the highest for more than 20 years.

The majority of UK regions in the number of registered housing exceeded the level of 2014. The Eastern part of England – 23%, North West 16% , and Scotland – 15%.

The head of the NHBC Mike Quinton believes that 2015 was marked by growth in UK construction in both the private and public sector and showed encouraging levels of construction in all regions of the country. However, the concern is the fact that in the last quarter of 2015, for the first time in three years, it was observed a slowdown in construction. The industry is vital to the growth of the supply of new housing, because last year the gap between demand and supply has increased. In these circumstances, you need to quickly resolve issues of access to Finance, the allocation of plots for construction and attraction of highly qualified personnel. In this case, 2016 is a break in the case of supplies of new residential property in the United Kingdom.

® Maxim Savitsky G. 21.01.2016

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