Best Locations to Build a New Home in the UK
If you are thinking about building a new home, you might want to consider some of the most popular locations in the UK. There are many factors to take into consideration when choosing the right area, including house price growth, demand and value for money.
As the number of people looking to buy a new property continues to grow, the UK’s housing market is becoming increasingly competitive. In order to meet this demand, more homes are being built. New homes have to follow strict building regulations and adhere to the standard of quality. Luckily, there are several places in the UK where buying a new home is easier than ever.
Research carried out by Arygil Property Partners found that Leeds is the best location to build a new home. The company discovered that this was because of a combination of factors. These include: a growing population, demand for new homes, value for money and house price growth.
Another important factor is the availability of plots for self builders or custom-builders. Local authorities need to be aware of this, so they can ensure that there is plenty of room for those who wish to build their own home. Currently, only 8% of new UK homes are custom-built. However, the UK government wants to change this. It hopes to see an increase of up to 20,000 homes being built every year.
In the past three years, the South Derbyshire area has seen the biggest expansion in new homes. This area has 46,648 houses. This figure represents a quarter of the total increase in housing stock across the country.
Why Not the Capital?
One of the most popular locations in the United Kingdom is London. New builds have risen in value by 13% year on year. Many buyers are looking for larger family properties. Kensington and Chelsea are the most expensive locations to buy a new home. During the last few years, 2,400 new homes have been built in this area.
If you can find an architect Essex, then this is another area worth checking out. Just outside of London, this can prove an affordable alternative.
While the number of new build homes in England has been increasing, the average size of these homes has been falling. The average size of a new home in the North is much bigger than those in the South.
One of the most important issues to consider when buying a new home is whether the local council will be able to supply you with plots. The Housing and Planning Act of 2016 makes it easier for people to build their own home. However, the government will need to encourage more house builders to build in areas that have a high demand for new housing.
Despite the growing housing crisis in the UK, there are still some locations where it is relatively cheap to buy a new home. These include Hyndburn in Lancashire. Buying a new home in this area costs just PS100,000.
For those seeking a more affordable place to build a home, Burnley is an excellent option. The local authority has built 2,100 new homes in the last three years. The local area has an average property price of PS99,034.
Overall, it seems that the best places to build a new home are in the North of the country. Several of the UK’s most popular cities are also on the list. You may also want to consider the Isle of Wight, Merseyside, Wiltshire, Kent and Oxford.
