British builders build bigger homes as more people work from home

According to industry groups, UK homebuilders will build single-family and semi-detached homes as demand for properties with space to work from home grows.

Guarantee and insurance provider National House Building Council (NHBC) said the housing sector “recovered” and the number of initial home construction registrations increased by 10% after the turmoil caused by the COVID-19 pandemic. .. The 2021 quarter compared to the previous year.

Throughout the UK, 36,863 new homes were registered with the NHBC in the first quarter of 2021, compared to 33,388 during the same period last year.

The number of registered single-family homes was 12,583 (up 18% from the previous year), and the number of registered half-family homes was 11,199 (up 30%).

In contrast, only 7,022 apartments were registered, down 21% year-on-year.

Steve Wood, Chief Executive Officer of NHBC, said:

Over the past year, the UK has witnessed a shift in housing demand from cities to more rural or less densely populated areas of the country.

According to the London-based think tank Resolution Foundation, house prices have skyrocketed during the CCP (Chinese Communist Party) virus pandemic, but have seen greater rises in the UK’s least populated areas. Was done. Highly populated areas are lagging behind.

Since February 2020, home prices have risen by more than 10% in the least populated one-tenth of the UK’s municipalities, but only 6% in the most densely populated municipalities, according to think tanks.

In the capital, home prices in the suburbs of London have risen 7% since February 2020, while the densely populated Inner London has seen an average rise of only 2%.

Researchers suggest that this isn’t just the impact of London, but that cities across the UK are rising slower than in rural areas and have less preference for urban life.

House prices accelerated across the UK in April as housing supply slowed, according to investigators.

According to the Royal Institution of Chartered Surveyors (RICS), the net balance of real estate professionals received more inquiries from buyers last month.

In a new legislative agenda announced earlier this week, the UK Government has pledged to create a simpler and faster planning system to speed up delivery of homes, schools and hospitals across the UK.

PA contributed to this report.