Number of new homes in the UK up with surge in London, latest data shows

Number of new homes in the UK up with surge in London, latest data shows

The number of new homes registered in London last year was the highest since electronic records began over 26 years, according to new figures from the National House Building Council published on Friday 31 January.

In total 26,230 new homes were registered in the capital last year, a 60% increase on the 2012 figure of 16,364.
Overall, annual figures for new home registrations in the UK increased by 28% in 2013, compared to the previous year. This is the highest number of registrations at 133,670 since the economic downturn in 2007 […].

Emma Reynolds, Labour’s Shadow Housing Minister, welcomed the figures. ‘The number of new homes being registered may have finally started to grow, but it remains the fact that the number of homes being built has slumped to the lowest level in peacetime since the 1920s,’ she said.

‘We need to build many more homes to keep up with demand. Owning a home is out of reach of many low and middle income earners, rents are rising faster than wages and waiting lists grow ever longer,’ she added. LINK