Research by Alliance Fund, the end to end real estate fund, has revealed that while Greater London may have seen the most new-build sales complete in the last year, it ranks just 24th in the nation when it comes to the level of new-build market activity as a proportion of total homes sold. 

Alliance Fund analysed the level of property transactions to have completed across each county of England over the last year and what proportion of these came via the new homes sector. The figures show that across England as a whole, some 11,608 new homes were sold in 2022, accounting for 2.1% of total market transactions. 

While London was home to by far the highest number of new-build transactions 2022, with new homes sold in the capital accounting for 11.5% of all new-build sales last year, when it comes to new-build market activity as a proportion of all homes sold, London ranks just 24th in the nation, with the 1,335 new-build sales seen across the capital last year equating to just 2.1% of total market activity.

It is Warwickshire where the new-build market has made the biggest mark over the last year. While just 256 new homes were sold across the county in 2022, this equated to 3.9% of total market activity. Shropshire follows closely behind, where new-build transactions accounted for 3.8% of all homes sold, with Wiltshire (3.7%) and Buckinghamshire (3.4%) also ranking within the top five.