Detached properties most popular type of new-build

Research from the Halifax shows that although households are getting smaller, three and four-bedroomed detached properties are still the most common type of property being built.

Wales, at 89% and East Anglia, at 70% have the greatest number of new detached houses being built whilst new detached homes in Greater London account for less than 1% of new homes.

Flats are the main type of new build in Greater London with approximately two thirds of new properties being flats.

The research also shows that if the current level of house-building is not increased in London and the South-East, there will be cumulative shortage of around 500,000 dwellings in these two regions by 2021.

But the number of new homes is not keeping pace with the growth in demand. Growth in the numbers of households in the UK has been little over 200,000 per year, indicating that new house-building has not kept pace with the numbers of new households. In much of the north of England, Wales and Scotland, however, the number of new homes being built have generally been in excess of the projected numbers of new households.

Martin Ellis, chief economist at Halifax, says: “New homes continue to remain very popular, but this shortage of supply will continue to push house prices up and make it even harder first-time buyers to get onto the housing ladder.”