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New Homes Entering The Market Last Year Were Worth £57bn

The latest research from new homes provider, Stone Real Estate, has looked at where is currently home to the most lucrative new build markets for UK housebuilders, based on the number of new homes coming on to the market over the past 12 months.

The figures show that 203,900 new build homes were completed in the last year across the UK and with the average new build selling for £282,253, that’s over £57bn worth of new homes delivered by UK housebuilders.  

The vast majority of these have been completed in England with 169,020 new homes delivered at an average new build value of £302,642, accounting for £51bn worth of new build value across the UK. Wales has seen the lowest level with 5,780 new builds totalling a value of £1.2bn.  

Regionally, the most valuable house-builder hotspots have been the South East, where completed properties hitting the market last year were worth over £12bn. London was hot on the South East’s heels though, with 19,360 completed new homes bringing nearly £9.5bn in value to the capital’s new build sector.  

However, Greater Manchester also fared well with 7,080 new homes completed to the tune of £205,237 in value on average, with the area seeing a total of £1.4bn hitting the market in new build property values.  

West Yorkshire (£1.1bn) and the West Midlands (£1bn) have also been some of the housebuilding hotspots in terms of value entering the market in the last 12 months.  

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