Labour Housing Targets May Boost Property Market by £161bn Skip to content
RWinvest Logo
+44 (0)151 808 1270 View Investments

Labour Housing Targets May Boost Property Market by £161bn

Don't miss out on the best new investment deals. Enter your details now to sign up to our mailing list and receive exclusive information straight to your inbox.

    Government Proposals Will Boost Housing Delivery by 22%

    New research from London estate agents Benham and Reeves has revealed that there could be a boost of £161.6 billion to the property market across England over five years if Labour achieves its housing targets.

    The new government has said they plan to deliver 370,000 new homes a year, which would improve new housing delivery by 22%.

    Benham and Reeves’ analysis is based on this increase proposed by Labour via reforms to the National Planning and Policy Framework. The report shows which regions are set to see the biggest boost in new housing stock if this proposal is met.

    Further Reading: Find out more about buy-to-let houses and view some of the best buy-to-let areas with our guides and insights.

    Historic Property Investment - Final Floor Release

    Final chance to invest in a Historic Waterfront Mill earning up to £23k NET return per annum

      New builds

      Average New-Build Price Growth Highest in North West

      According to Benham and Reeves’ data, the proposed increase in new homes delivered annually across England would boost housing supply by 22% – taking the yearly number from 305,223 to 371,541.

      The average price growth in the English new-build property market over the last five years has been 3.5% annually. Based on this, Benham and Reeves expect the current average price of a new-build property (£420,532) to increase to £435,087 in one year.

      However, other regions have seen higher average growth over the last five years. For example, new-build prices have increased the most in the North West, where there is an estimated yearly growth over the past five years of 7.6%. The average price is also lower than the national average. It currently stands at £331,732 and is projected to rise to £357,034.

      Last Townhouse available - Most exclusive location in Liverpool

      This is the last chance to invest in a rare duplex townhouse within most sought-after area of Liverpool

      Browse All Videos
      Thumbnail
      01 Jul, 2024 1:34min
      One Baltic Square, Liverpool
      Thumbnail
      01 Jun, 2024 43sec
      The Gateway, Liverpool
      Thumbnail
      03 May, 2024 51sec
      Maritime View, Liverpool
      Thumbnail
      22 Mar, 2024 47sec
      The Mercantile, Liverpool
      Thumbnail
      01 Dec, 2023 46sec
      The Mill, Liverpool
      Thumbnail
      11 Aug, 2023 22sec
      Rice Works, Liverpool
      Thumbnail
      18 Jul, 2022 47sec
      Central Park, Liverpool
      Thumbnail
      26 Oct, 2021 46sec
      Embankment Exchange, Manchester

      Find your Ideal Investment Property

      Use our bespoke Search Tool to get access to the best Investment Deals based on your Requirements.

      Start your Property Search
      Arrow left
      Arrow right
      Browse All Videos

      London Will See Most Value Added of English Regions

      Under the new proposals, London is set to see the most value added to the property market thanks to the construction of new homes, with an estimated boost of £46 billion over the next five years, despite being the only region expected to see a reduction in new housing delivery (-18%) based on the government’s plans.

      Director of Benham and Reeves, Marc von Grundherr, said: “Our new Labour Government has been ambitious from the get-go when it comes to the proposed shake-up of housing delivery targets and not only could we see a very notable boost to the number of new homes reaching the market, but over the next five years these new homes would also bring a sizable boost to the overall value of the property market.

      Of course, some areas are set to benefit to a far greater extent than others, and it’s interesting to see that, under new proposals, London is the only region expected to see a decline in housing delivery. This is despite the fact that it’s probably one of the worst hit areas with respect to a shortage of housing to meet demand.”

      Browse All Properties

      Browse All Properties
      Liverpool
      Maritime View, Liverpool
      Prices from

      £199,950

      • Stunning Waterfront Bronze Tower
      • 6% Assured NET Rental Returns
      • Panoramic Albert Dock Views
      View Details
      Prices from

      £199,950

      Manchester
      Embankment Exchange, Manchester
      Prices from

      £199,950

      • Location Icon Prime M3 City Centre
      • Up to £20k Discount for Cash Buyers
      • UK Award-Winning Development
      View Details
      Prices from

      £199,950

      The Gateway Liverpool
      Liverpool
      The Gateway – Tribeca Tower, Liverpool
      Prices from

      £174,950

      • Final Tower in Landmark Liverpool Development
      • Coin icon Assured 6% NET Rental Return
      • Largest Residential Development to Enter Liverpool Market
      View Details
      Prices from

      £174,950

      Luton
      The Hive, Luton
      Prices from

      £239,950

      • Limited Units Remaining
      • Huge Savings on London Property
      • Major Regeneration Zone
      View Details
      Prices from

      £239,950

      London
      West Quay Royal Arsenal, London
      Prices from

      £399,995

      • On the Waterfront
      • Low Deposit Required
      • Location Icon 7 Minutes to London City Airport
      View Details
      Prices from

      £399,995

      Find your Ideal Investment Property

      Use our bespoke Search Tool to get access to the best Investment Deals based on your Requirements.

      Start your Property Search
      Arrow left
      Arrow right
      Browse All Properties
      Avatar photo
      Author

      Jessica Ferris

      LinkedIn Logo Muck Rack Logo

      Jessica Ferris is a property writer at RWinvest, helping our readers stay ahead of property market trends with the latest news and statistics.

      Want to Get in Touch?

      Fill in the form to contact us today and a member of our award-winning property team will be in touch to help.

        It will be my third investment apartment with RW Invest and I cannot recommend them highly enough. Sean Orrett and Chloe Walker really do go the extra mile. Chloe in particular helped me through a particularly hard time with solicitors and all the paperwork that was involved. Living in a different country and negotiating all the nuances that come with investing, she negotiated with ease and gusto. A big thanks to you both.

        Margaret Wiele

        Daniel Stewart, has assisted me every step of the way. This is my first property purchase and so took Daniel up on his offer to guide me through every step no matter how small. I felt comforted to have his assistance in documents I needed to both understand and sign. Couldn't be happier with the help and customer care I have received so far.

        Nathan Saxon

        We highly recommend RW Invest to anyone looking for an experienced, reliable and knowledgeable professional company.
        We are more than delighted with their services throughout the entire process. They provided us with extremely helpful advice and guidance every step of the way and ensured that we understood all aspects involved in securing a property through them.

        Stephanie Chidlow

        Chloe is very helpful. She has been a great help and solved all the difficulties I had with the purchase. I am happy she was there to help with the process. Very approachable and responsible.

        Muhammad Atif

        This was my second unit purchase with RWinvest, and I found the team to be very helpful in finding the best deal which suited my needs and budget. Arjun Surana, Adam Burns were really processional in answering all questions, Excellent follow up and ensures your property purchase are smooth from the start to end and supporting throughout the purchase/exchange of contract process.
        I highly recommend anyone to purchase their property with RWinvest.

        Dhote

        Arrow left
        Arrow right
        Disclaimer Image
        Business & Economy, Market & Investment Trends, UK