Over the past five years, an average of 168,930 new homes per year have been delivered across England, with the South East leading the way, research by APRAO has revealed.
APRAO analysed Government data looking at historical new-build housing delivery over the last five years across each region of England, as well as 10 major cities, to see which areas of the property market have seen the most consistent level of new homes built based on the average annual rate of delivery.
Across the nation as a whole, an average of 168,930 new homes were built per year.
The South East was top with an average of 30,818 homes built per year over the past five years.
The East of England saw the second highest level of new-build delivery, with an average of 21,068 per year, while the North West had 20,656 new homes delivered on average each year.
At city level, London was top of the table by quite some margin.
Just Manchester came close, with an average of 7,650 new homes built each year.
Leeds ranked third in this respect, although with just 2,012 new homes delivered on average each year, the city has seen a minute level of new-build supply versus the capital.
Daniel Normal, CEO of APRAO, said: “The issue of housing supply is one that has largely been ignored in previous budgets, with the Government instead choosing to focus on buyer demand based initiatives in order to keep house prices buoyant.
“So it was great to see the commitment to deliver 8,000 new homes across London last week, albeit a relative drop in the ocean compared to the actual need for new homes.
“In fact, the sole announcement for new homes equates to just 0.02% of the government’s total budget and some may also argue that the level of housing supply across our major cities is a tad out of kilter, with London seeing a vastly superior number of new homes delivered over the last five years.”
He continued: “Until the Government commits to addressing the housing crisis at a national scale, not just in London, this market imbalance will continue.”
