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Sharp increase in London new home registrations: NHBC

Between March and May this year, 7,000 new homes were registered to by built in London – 125 per cent more than in the same time frame a year earlier, says the National House Building Council.

Across the entire UK, 43,985 were registered, up from the 39,059 recorded the previous year.

The private sector drove 31,322 new properties registrations between March and May in 2019, up from 28,612 in the same period last year.

Meanwhile, the affordable and rental sector recorded 12,663 new properties registered in the previously outlined time frame, up from 10,447 in 2018.

On a regional basis, London recorded the largest increase in home registrations between March and May seeing a rise of 3,934. This was followed by the West Midlands which rose by 593, and Scotland increased by 540.

In contrast, the South East saw the greatest decline in home registrations within the select time frame, dropping by 437. Yorkshire and Humberside had the second largest fall, declining by 416, and the South West fell by 120.

NHBC chief executive Steve Wood says: “It is encouraging to see such strong figures in May.

“This has been helped by the increase in the private rental sector and the upturn in London, fuelled by inward investors as well as new developments from established players.

“Of course, we will be working with developers to maintaining and improving the quality of these new homes.”

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