Saturday, February 24, 2024
Real EstateUK

Affordable homes only account for 17% of new-builds

Affordable homes

4.304m new homes have been built in the last 30 years across England, according to the latest data from HouseScan

Newly released research from new-build snagging company, HouseScan, analysed new build completions since 1990 and looking at the total of new homes completed in each region and what this equates to as a percentage of all new homes built across the nation.

According to the data, across England, 4.304m new homes have been built in the last 30 years, an average of 143,462 per year.

The South East has been the nation’s new build hotspot over the last three decades. The region has seen a total of 753,420 homes delivered, an average of 25,114 a year accounting for 17.5% of the total homes built across England.

The East of England and London also rank high, with new home delivery in the last three decades totalling 562,460 in the East of England and 542,460 in London. At an average of over 18,000 new homes delivered per year in both regions, they respectively account for 13.1% and 12.6% of all new homes delivered across England.

The South West and North West have also seen more than half a million new homes delivered in the last 30 years, with each region accounting for nearly 12% of all new homes built in England.

In contrast, the North East has seen just 197,790 new homes built since 1990 at an average rate of 6,593 homes a year. The region accounts for just 4.6% of all new-build stock delivered in England, with Yorkshire and the Humber also seeing some of the lowest levels of new build homes completed (9%).

The delivery of affordable housing remains a hot topic. In the last 30 years, just 721,930 affordable homes have been delivered by the Housing Association or local authorities; equating to just 16.8% of all new homes in England.

Harry Yates, founder and Managing Director of HouseScan, commented: It’s fair to say that while the delivery of 4.3 million homes in the last 30 years is admiral, there seems to be a clear north-south divide in terms of the sheer volume of new homes built, as well as a tendency to overlook affordable housing.

Leave a Reply