Build-to-rent schemes soar in London

Aaron Morby 6 years ago
Share

Build-to-rent schemes have helped to more than double the total number of new homes registered in the capital.

The steep rise ends a period where London has been in the doldrums due to private homes for sale projects falling off as prices for one and two-bed apartments softened.

The surge in the capital helped to drive up total UK sites registered with the NHBC over the three months to August by 11%.

Soaring numbers of both private rental and to a lesser extent housing association schemes lifted house building starts by 145% to 5,774 compared with the same period a year ago.

A business development boss for one major contractor said: “Manchester and Birmingham have been the real hotspots for big build-to-rent schemes.

“While London has had its share of these project things are really taking off now in the capital with many projects out to bid.”

NHBC chief executive Steve Wood said: “We continue to see strong numbers in many parts of the UK with a substantial uplift in London, driven by increased activity by housing associations and the continued flow of inward investment on for-sale and private rental developments.

“The continuing uncertainties around Brexit and the UK’s economic outlook do not seem sufficient to dent confidence in the new homes market, where NHBC’s focus remains on helping developers to build more, high-quality homes for people across the country.”

More than 13,700 new homes were registered to be built in the UK during August, according to the latest NHBC registration figures, with strong growth in London.

Other regions to show growth over the three month trend period included Yorkshire & Humberside and the West Midlands.

NHBC – UK Registrations by Region
England – Regions June 18 – August 18 June 17 – August 17 % change
NORTH EAST 1,870 1,724 8.5%
NORTH WEST & MERSEYSIDE 4,373 4,786 -8.6%
YORKSHIRE & HUMBERSIDE 2,632 2,201 19.6%
WEST MIDLANDS 3,770 3,407 10.7%
EAST MIDLANDS 3,029 3,420 -11.4%
EASTERN 3,914 4,289 -8.7%
SOUTH WEST 4,156 3,698 12.4%
LONDON 5,774 2,354 145.3%
SOUTH EAST 6,457 6,653 -2.9%
TOTAL ENGLAND 35,975 32,532 10.6%
SCOTLAND 3,381 3,381 0.0%
WALES 1,230 1,529 -19.6%
NORTHERN IRELAND & ISLE OF MAN 1,961 854 129.6%
TOTAL UK 42,547 38,296 11.1%

 

Latest news

Microsoft to build ‘hyperscale’ datacentre near Leeds

Harworth sells remediated land at former Skelton Grange power station
22 hours ago

Housing giants to build bird nests and hedgehog highways

Twenty house builders sign pledge to support wildlife in every home built
22 hours ago

Birmingham 450 inner-city flats scheme approved

Derelict railway site housing plan at Winson Green gets outline backing
22 hours ago

M Group sold to new private equity group

New owners CVC plan to accelerate growth drive
2 days ago

Mace names new datacentre and pharma MDs

Two key promotions to target fastest-growing construction markets
22 hours ago

Concrete delivery driver electrocuted on site

Main contractor fined £30,000 after crane arm of lorry hits power line
2 days ago

United Living seals two strategic energy retrofit takeovers

Contractor snaps up net zero training specialist and heat pump design tool software firm
22 hours ago

Balfour Beatty names next construction chief

Alstom UK managing director Nick Crossfield joins Balfour later this year
2 days ago

Ballymore’s Stratford Waterfront resi towers approved

Construction of quartet of towers to start in Spring 2026
2 days ago

Huge fire hits Staines resi towers site

Four workers treated for smoke inhalation on Fairview job
3 days ago

Third contractor appointed to finish Wokingham apartments

Third time lucky for council after two previous contractors went bust
3 days ago

Olgivie wins Edinburgh offices-to-hotel job

1970s offices in Haymarket area to be converted into 157-bed hotel
2 days ago

Prep works to begin for £49m Howden Relief Road

Hull-based PBS Construction prepares for full project start in January 2025
2 days ago

Fit-out and refurb contractor Pexhurst tops £50m turnover

Industrial and logistics specialist looking to grow in other sectors
2 days ago

BAM plans another round of construction redundancies

Second round of redundancies in four months
4 days ago

Sunderland film studio enabling works out to bid

Bid race to start in mid-July for Crown Works Shipyard £15m prep works
3 days ago

Costain JV wins £65m brace of water treatment upgrades

Southern Water awards Southampton and Kent jobs as part of AMP7 programme
3 days ago

J Coffey passes £200m turnover milestone

Data centre job lifts diversified concrete frame contractor to record revenue
3 days ago

Red wins £50m Westminster office job

Work to start on 40 Broadway project this summer
3 days ago

Invisible Connections acquired by concrete giant Terwa

Consolidation in the precast fixings market
3 days ago

Ray O’Rourke steps down as chief executive

Son Cathal O’Rourke to head the Laing O'Rourke Group as new CEO
5 days ago

ARJ Construction went down owing £9m to supply chain

Unsecured creditors can expect some money back for unpaid invoices
4 days ago

CBRE and T&T to combine project management arms

New $3bn revenue PM giant employs 20,000 staff in over 60 countries.
4 days ago

Multiplex starts London 36-storey ‘hanging gardens’ tower

Piling starts on Square Mile's £400m 50 Fenchurch Street tower
5 days ago

Eastern Green Link 1 looking for local suppliers

Subcontractors wanted for electrical superhighway scheme
4 days ago

Caddick wins £10m Manchester college extension

Loreto Sixth Form College in Hulme to get new three-storey building
4 days ago

Green insulation firm buys flooring contractor

Energystore acquires Advanced Traditional Screeding
4 days ago

Birmingham to pick five firms for £265m homes retrofit plan

Firms to be charged annual fee to cover Council cost of promoting energy efficiency
5 days ago

Arup and Binnies to design Abingdon reservoir

Embankment trial will help consultants to draw up £1.5bn reservoir design
5 days ago

Subdued market sees profit warning from SIG

Insulation and building products supplier pushes back timing for market turnaround
5 days ago

Contractor services