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Searchland, a development site sourcing specialists, has revealed the area where the greatest degree of new housing stock is being created.
The researched showed that South Derbyshire leads the way in new houses built. Across the area, properties built in the past 10 years make up 17% of overall housing stock, far in excess of the English average of 6.0%.
Co-founder and CEO of Searchland, Mitchell Fasanya, said: “It takes time to build up new communities, but areas like South Derbyshire, Harborough, and Dartford are racing to prominence with a raft of new properties.
“Modern stock tends to be more energy efficient than older fare, which is helpful in keeping bills down. For aspiring landlords you’ll also need to have an EPC level above C to let out a property from 2028, so it’s becoming more important than ever to have a greener property.
“New builds tend to cost something of a premium, but if you’re a second or third buyer of a modern property you may be able to avoid that downside altogether.”
The research revealed that Other areas with a plentiful supply of new property are Harborough in Leicestershire 14.9%, as well as Dartford in Kent, 14.9%.
Stratford-upon-Avon, is also embracing new homes, which make up 14.8% of the total.
Wiltshire has produced the most new build dwellings at 22,100 in the past decade across England, in second place is North Yorkshire, with 21,300 new builds, and then its Somerset, which added 20,540 homes.
Fasanya added: “At the other end of the spectrum are areas like Brighton, where just 1.2% of its stock is less than 10 years old. Clearly more needs to be done to build homes in these places, as without new stock there’s more of a likelihood that demand will run away from supply and make areas more expensive.
“Depending on the types of homes being built they can enhance a region with new architecture that sits neatly alongside historic infrastructure. That’s clearly the view that’s being taken in Stratford-upon-Avon, which demonstrates that new and old properties can coexist, bringing more residents and economic activity to an area.”
Regional research revealed that the South West of England has welcomed the most new stock in the past decade, at 7.0% of the total amount. After that comes the East Midlands 6.8%, and then the East of England 6.8%.
