North Yorkshire has emerged as the UK’s leading residential property investment hub, witnessing the highest degree of new-build market activity in 2022, according to an analysis by easyMoney, the peer-to-peer real estate investment platform.
The study examined new-build data from across England, focusing on the number of new homes that had construction started in 2022. Throughout England, construction commenced on approximately 177,200 new homes, with the South East region experiencing the highest level of activity with 31,680 new-build homes.
However, at the local authority level, North Yorkshire outperformed all others with the start of 2,310 new homes in 2022. Following closely behind were Greenwich with 2,260 new-build starts, North Northamptonshire (2,140), Central Bedfordshire (2,080), and Wiltshire (2,040).
The top 10 also featured Cornwall (1,970), East Riding of Yorkshire (1,960), Cheshire East (1,950), Leeds (1,940), and Milton Keynes (1,940). In contrast, Ipswich, Portsmouth, and Sutton saw the least amount of new-build market activity, with only 20 new homes beginning construction in each area last year.
Jason Ferrando, CEO of easyMoney, said: “Despite a tougher economic landscape, higher interest rates, and a slower rate of house price growth, property remains a very strong investment… This resilient market sentiment is echoed across the residential new-build sector, with developers continuing to push forward.”
