New research from HouseScan has revealed that London has seen some of the largest levels of transactions come via new build homes (8.8%), with the East Midlands (7.2%), West Midlands (7%), North East (6.9%) and South East (6.5%) also sitting above the national average.
However, when it comes to the greatest level of new builds sold as a proportion of total transactions, Scotland comes out on top with 9.3% of all homes sold in the last 12 months coming via the sector.
At a local authority level, Scotland and London continue to rank with some of the highest levels of new-build sales.
Tower Hamlets has seen the most new-build homes sold as a percentage of all transactions across Britain over the last year. The 991 new homes sold since March 2020 equate to 39.9% of all properties sold in the borough, closely followed by Newham where 33.4% of all transactions have been new builds.
Scotland’s East Lothian (25.2%) and Midlothian (21.4%) also rank within the top five, along with Harborough in Leicestershire (20.9%).
Greenwich (20.8%), Rugby (19.1%), South Derbyshire (18.5%), Hackney (17.6%) and Bracknell Forest (16.8%) also rank as some of the hottest spots for new build sales in the last year.
Harry Yates, founder and Managing Director of HouseScan, commented: “It seems as though Scotland is fast becoming Britain’s new build hotspot, with more transactions coming via the sector than anywhere else in the nation - including London.
"This demand has caused new build house price growth north of the border to climb considerably and although a buoyant new-build market is unlikely to ease the pain of an early Euros exit, it’s certainly helping to lay some strong foundations for future generations of homebuyers.”
