New home registrations in the UK have risen by 25% for the year up to and including August, new figures released by NHBC revealed on Friday.
The figures – as published on the Glenigan website show continued improvement around the country compared to the same period in 2012. In total 90,730 new homes have been registered in the first eight months of 2013, compared to 72,740 last year over this period. There was a marginal increase in August registrations compared to the same month last year (9,769 in 2013 compared to 9,553 in 2012) but the rolling quarter for June – August 2013 saw a 15% increase from the same three months last year (33,593 in 2013 compared to 29,272 in 2012).
Latest figures from the Nationwide show London house price growth reaching double digits. All UK regions saw annual price rises in the third quarter of 2013 as London continued to lead annual price growth, reaching 10% in Q3. Outside of London, Manchester was the top performer, with prices up 10% over the last twelve months and Carlisle was the worst performing city, with prices down 3% year-on-year.
Prices in London are now 8% above their 2007 peak, with the price of a typical London home standing at £331,338. Outside of London, Manchester was the top performer, with prices up 10% over the last twelve months and Carlisle was the worst performing city, with prices down 3% year-on-year.
Source: Glenigan
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