London drags new registrations

10th February 2017

New home registrations in London dropped by a third last year following a decline in building following stamp duty reforms and the Brexit vote. The number of registrations dropped from 25,760 in 2015 to 17,322, according to figures from the National House Building Council. In the UK as a whole, the total number of new registrations fell by 2%, from 155,504 to 151,687. However, excluding London, the number of registrations rose from 129,744 to 134,365; registrations were up in seven out of the 12 regions analysed. NHBC business development director Mark Jones said: "Taking into account the extraordinary events of 2016, the UK housebuilding sector has remained resilient”.

City AM (03/02/2017)