New home registrations in London hit unprecedented levels
More new homes were registered in London last year than ever before.This is according to the National House Building Council (NHBC), which showed that 2013 was the most successful year since records began some 26 years ago.During this time, a total of 26,230 homes were registered, equating to a 60 per cent increase on the year before. The good news was felt up and down the country, with 133,670 new houses being recorded. This was a rise of 28 per cent compared to 2012 and was the highest figure achieved since the economic downturn began in 2007.Private sector registrations went up from 78,125 in 2012 to 97,399 in 2013, an increase of 25 per cent. This was surpassed by figures for its public counterparts, which rose 37 per cent. Last year, 36,271 new properties were recorded, as opposed to 26,389 in 2012.Meanwhile, the number of small builders joining the NHBC also rose last year, with an average of 50 firms registering each month between July and December.NHBC chief executive Mike Quinton commented that last year heralded a return to confidence in the industry, with builders working hard to satisfy the demand for new homes. He also praised the government's Help to Buy initiative for helping to increase the number of house registrations.Mr Quinton added that the record levels achieved in 2013 could be "attributed to prime sites, such as Nine Elms, now being redeveloped largely for residential use, an increase from overseas investment into the market and the capital's continued appeal as a property hotspot".It wasn't just London that enjoyed a rapid rise in the number of new houses. The south-east saw the construction of 1,152 more homes last year than in 2012. The north-west and east Midlands also performed extremely well, producing an increase of 971 and 984 buildings respectively, compared with levels achieved the year before.Meanwhile in Scotland, 2,082 houses were built, alongside 856 in Wales and 568 in Northern Ireland.
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