London drags down NHBC registration figures

Headline figures from the NHBC show a decline of 7% in Q2 private sector registrations compared to the same period last year.

However, London’s slumping property market significantly pulled down the average with a 17% decline in the same period.

In stark contrast Northern Ireland, Eastern and Yorkshire & Humberside saw registrations rise by, 49%, 27% and 19% respectively.    

NHBC Chairman, Steve Wood concluded “The demand for new homes across the UK remains strong, so this is encouraging news for the industry and for consumers who are looking to buy a brand new home.”

In summary, it appears outside of the capital, the new homes market remains strong with most house builders still pursuing a growth strategy on unit production.