Where is Britain's new build capital?

Zoopla analysed data from Hometrack to reveal which areas of Britain are home to the highest concentration of new build properties as a share of all property sales.

Related topics:  Property
Warren Lewis
5th July 2017
milton keyenes 2
"New housing sales account for 1 in 10 property sales each year but this varies across the country"

And according to the data, outside of the capital and with new homes accounting for 33.2% of property sales, the fast growing, ex-new town of Milton Keynes has the highest proportion of new builds in Britain.

Crewe came in second with 29.6%, which joins Middlesbrough in Teeside as one of only two areas in Northern England to have made it into the top 10, and the Greater London town of Ilford (28.8%) in third place.

At the other end of the table, the Shetland village of Sandness has the smallest proportion of property sales accounted for by newly built properties, at only 0.5%. The second lowest is Greater London's Orpington, at 2.7%, closely followed by the Scottish town of Dumfries with 2.9%.

Zoopla also looked at how property values have changed in areas with a higher proportion of new build housing. The data reveals that areas which have a new build concentration of 25% or more have grown in value on average by 29.7% over the past five years, six per cent above than the national average property price growth rate which stands at 23.6%.

Regionally, the research also reveals that the highest concentration of new build homes are found in Southern England (five of the top 10) and The Midlands (three of the top 10), with only Crewe (29.6%) and Middlesbrough (20.3%) representing Northern England at the top of the table.  

Lawrence Hall, spokesperson for Zoopla comments: "New housing sales account for 1 in 10 property sales each year but this varies across the country. These new findings give us a useful overview of where new builds are most common around the country, outside of London. Clearly, areas such as Milton Keynes and Crewe are benefiting from new investment by developers.

While there is a correlation between a large proportion of new builds and higher property price growth, new homes are typically developed in areas of high demand, which has already contributed to a rise in property values."

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