The new home registration increased by 14 per cent in January 2017 when compared to the corresponding period last year, according to latest data released by NHBC, UK’s leading independent standard-setting body and provider of warranty and insurance for new homes.
As many as 11,651 new homes were registered in January 2017 as against 10,248 in January 2016. The private sector continued to form a sizeable chunk (8,695 homes) while the affordable sector accounted for 2,405 new homes. NHBC's registration statistics, representing approximately 80 per cent of the new homes market, are a lead indicator of UK house-building activity.
Between November 2016 and January 2017, the number of NHBC new home registrations was 38,313, compared to 32,315 in the same period last year. It is evident that the new home registration indicates the health of the housing market in the UK. At a time when the demand is increasing leading to inflation in house prices, this kind of growth is an encouraging sign.
Other indicators show that it is a good time to acquire a house in the UK from a long-term investment perspective. If you are interested in investing in a residential property in London, Strawberry Star can provide you with several options. Call our London office for an appointment with our property advisors.
Overall, there were 38,313 new home registrations in the rolling quarter (November 2016 - January 2017), compared to 32,315 in the same period last year, an increase of 19%