The UK property market is thriving, with increasing numbers of properties being built each year and plans in place for one million new homes to be built by 2020. New builds make up a large number of properties available to investors, which is why it’s important to get clued up if you’re interested in investing in UK property. We’ve put together a guide with some of the key facts about new build properties that you should know.
New builds in numbers
New properties are being built in the UK every year, with the construction of new homes reaching a 10 year high as of 2018. Plans are in place for UK builders to begin construction on 160,606 new homes, bringing the number up by 6% since 2016. Research shows that the total number of new homes being built around the country has risen by 25% between 2014 and 2015. In the period of June 2017 to June 2018, a total of 161,240 new build dwellings (a house, flat, bungalow or maisonette) were completed in the UK.