London slump dampens NHBC 2016 registrations

Feb. 3, 2017
<p>NHBC new homes registrations for 2016 reached 151,687 – a fall of 2% over the previous year.</p> <p>The figures were dampened by a sharp drop in London where registrations fell by a third. Outside of London the figures were up 4% despite a blip in July following the EU Referendum vote.</p> <p>Overall private sector registrations were 1.5% down against 2015 at 115,689 and registrations in the affordable sector down 5% to 35,998.</p> <p>London suffered during the year for a variety of reasons including the effects of the Brexit vote, stamp duty changes and the phasing of larger apartment schemes. But while the capital faltered, several regions fared well with registrations up 27% in Yorkshire &amp; Humberside, up 14% in the wider South East and up 12% in the North West.</p> <p>Although the overall figures are down year on year, they represent the second highest in almost a decade. The monthly breakdown shows a clear hiatus in July following the vote with a 30% drop in registrations, but the market rallied quickly and four of the last five months of the year saw registrations increase year on year.</p> <p>2016 also saw the highest number of detached homes registered (46,118) since 2004 …

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