South East continues to drive UK housing growth

The huge amount of new homes in the South East continues to fuel overall growth in the UK with only London seeing more properties being built.

Only Greater London saw more homes built than the South East during the first half of 2015

During the first two quarters of 2015, a total of 12,124 new homes were registered in the South East - up from the 10,991 registered during the same period in 2014.

Greater London saw 12,643 new homes so far in 2015, a significant drop from the 15,088 built in the first half of the previous year.

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Figures released by insurance provider NHBC show that northern regions are also helping to power growth, with the North West and Merseyside reporting a massive 74 per cent increase in new homes registered in the rolling quarter from April to June 2015.

Despite the sharp upturn, NHBC chief executive Mike Quinton said many more would be required to end the ‘housing crisis’.

He said: “Our figures show that 2015 is shaping up to be an encouraging year for new housing growth with new housing registrations up 12 per cent on the second quarter of last year.

“However, we have made clear that while all signs of growth are to be welcomed, the UK is still building way below the volumes of homes that we need. There is a long way to go before our housing crisis is over.”

According to NHBC, more retirement homes were registered to be built in the UK in the first six months of this year than the whole of the previous year.

“We are very encouraged to see an increase in the number of retirement homes being registered,” he said.

“It is widely acknowledged that the UK has a shortage of homes for the elderly, which is having a knock on effect on the rest of the housing market.”

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