New research has revealed how the new-build market looks based on the diversity of stock currently available to buyers and how this differs across our major cities.

The new-build sales optimisation platform, Unlatch, analysed the level of new-build stock currently on the market before dissecting it by property type both at national level and across 20 major cities.

When we think new-build, we tend to think flats, so it’s hardly surprising that they account for the largest proportion of British new-build stock in the current market.

Propp – MPU

41% of total stock to be exact, although the pandemic influence for larger homes is also clear, with detached homes accounting for 28% of new-build stock.

Semi-detached and terraced homes account for 15% and 10% of available new-build stock respectively, while bungalows are the rarest new-build property type accounting for just 6% of available properties.

Stock differences across major cities

However, the DNA of the new-build market can differ depending on where in the nation you’re looking and certain property types are far more prevalent in some cities compared to others.

For example, the new-build market in major urban hubs such as London (94%), Manchester (90%) and Birmingham (84%) is almost completely dominated by flats with the property type accounting for almost all new-build homes on the market.

In contrast, flats account for just 5% of the market in Sunderland, with Newcastle (8.3%) and Swansea also seeing flats account for less than 10% of the total new-build stock.

In fact, in Swansea (64%), Sunderland (55%) and Newcastle (54%), more than half of all new-build properties available to purchase are detached homes – the highest level of detached new-builds of all cities analysed.

Sunderland (24%) and Newcastle (22%) also rank in the top three where the highest level of semi-detached new-build stock is concerned, although at 27% Portsmouth has the largest availability of this property type.

Portsmouth also ranks top for terraced new-build stock levels at 27%, with Bristol (26%) and Bradford (23%) this time making the top three.

Finally, Bungalows may not be the first thing that springs to mind when you think about new-builds and in many major cities, you’d be forgiven as there isn’t a single new-build bungalow on the market.

However, in Swansea, they account for 9% of all new-build stock currently on the market, with Bournemouth (7%) and Leicester (5%) also home to some of the highest levels of new-build bungalow availability.

Lee Martin, Head of UK for Unlatch says:

“The creation of any new-build developments will always focus on a number of factors including lifestyle, available space and of course profit margins.

This is a fine balancing act but more often than not flats, detached and semi-detached homes will be the flavour of choice.

In many built-up major cities where space is tight, flats tend to dominate as building upwards rather than outwards allows more homes to be delivered to market.

But the sector is far from a one-trick pony and, in other markets such as Swansea and Bournemouth for example, there is a far more diverse range of stock to suit the different buyer demographics within the market.”

Location Detached NB stock % Semi-detached NB stock % Terraced NB stock % Flat NB stock % Bugalow NB stock %
London 1% 1% 4% 94% 0.1%
Manchester 1% 5% 5% 90% 0.1%
Birmingham 3% 6% 7% 84% 0%
Liverpool 8% 7% 3% 82% 0.5%
Leeds 6% 8% 10% 75% 0.6%
Edinburgh 13% 4% 9% 74% 0%
Bournemouth 3% 7% 9% 73% 7.4%
Southampton 14% 12% 6% 67% 1.8%
Glasgow 20% 8% 15% 57% 0%
Bristol 9% 8% 26% 56% 0.7%
Plymouth 16% 15% 16% 52% 1.5%
Sheffield 18% 18% 14% 48% 1.9%
Cardiff 29% 16% 16% 39% 0%
Nottingham 32% 13% 19% 32% 4.0%
Portsmouth 18% 27% 27% 27% 0%
Bradford 40% 17% 23% 21% 0%
Leicester 45% 18% 20% 11% 5.3%
Swansea 64% 14% 5% 9% 9.1%
Newcastle 54% 22% 15% 8% 0%
Sunderland 55% 24% 16% 5% 0%
Great Britain 28% 15% 10% 41% 6%

New-build stock levels based on an average taken from the major property portals including Rightmove, Zoopla, OntheMarket and Boomin – January 12th 2022.

Subscribe to our weekly newsletter
Stay informed with our leading property sector news, delivered free to your inbox. 
Your information will be used to subscribe you to our newsletter and send you relevant email communications. View our Privacy Policy
Property Notify
Property Notify is a leading property sector publisher reporting on breaking news and political changes affecting the UK property industry, in addition to finance, tax and investment coverage we provide a hub to explore, contribute, invest in and celebrate the property industry. - Read more.

    National Regulator for Construction Products

    Previous article

    At Current Pace, the Government Will Take Almost 400 Years to Rectify Cladding Scandal

    Next article

    You may also like


    Leave a reply

    Your email address will not be published.

    More in News