October 5, 2022

Worth of Britain’s new-build inventory presently price over £2bn

New analysis by Warwick Estates highlights which areas of Britain’s housing market are getting the most important enhance from the new-build sector primarily based on the whole worth of the out there new-build inventory.

In line with the information, the most important new-build market is present in Scotland the place 3,638 houses with a median worth of £286,674 every create a complete worth of round £1.1 billion.

In London, excessive costs imply that the 393 presently out there houses, at a median value of £569,575, create a complete new-build market worth of £224 million, whereas within the South East, 397 houses at £490,656 every mix for a complete worth of £195 million.

The South West’s new-build market is price £81 million; within the East of England the market is price £67 million, and within the West Midlands the whole is £49 million.

The East Midlands (£47 million), North East (£43.5 million), and Yorkshire & Humber (£41 million) all have very good-looking new-build markets earlier than there’s a big drop off for the North East (£8.5 million) and Wales (£7 million).

On a metropolis degree, and disregarding London, the most important new-build market is present in Edinburgh the place 425 new-builds have a median value of £409,547 every to create a complete market worth of £174 million.

Scotland continues to dominate the new-build market with Glasgow’s present listings price a complete of £72 million, earlier than Birmingham (£8 million), Bristol (£7 million), and Leeds (£5.5 million) observe at a ways behind.

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