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UK’s Fastest-Growing Housing Developments Revealed
Research from trade tools supplier Protrade Tools and Fixings has revealed the areas in the UK with the fastest-growing housing developments.
Local Authority Building & Maintenance reports that Protrade analysed domestic housing construction completed during Q3 2019 and Q2 2020 across all UK local authorities, which revealed that development in the London borough of Brent grew by more than 3.5 per cent during this period with an estimated £532,351,500 spent on housing construction.
The data shows there has been a sharp increase in growth from the authority, which has been steadily growing since 2008.
The areas that made up the rest of the top five authorities for development growth in the UK were:
Bracknell Forest (2.12 per cent)
Salford (2.94 per cent)
Vale of White Horse (2.51 per cent)
Tower Hamlets (2.43 per cent)
Out of 308 local authorities, the bottom five for development growth was made up of Adur (0.08 per cent), Harlow (0.13 per cent), Richmondshire (0.16 per cent), Portsmouth (0.18 per cent), and Eastbourne (0.21 per cent).
Leeds, which has been considered the ‘London of the North’, did not find a place in the top growing authorities, but it did have the highest spend during Q3 2019 and Q2 2020, investing £699,866,900 into housing construction and more than 5,000 new houses.
The figures mean that Leeds has retained its place among the top five growing local authorities in the UK over the last decade.
Manchester also featured in the rankings following its biggest financial outlay in housing construction since 2015, investing approximately £540,831,200, £220 million more than its previous top investment.
In 2008, Portsmouth was one of the biggest areas for growth in the UK, spending more than Brent, Vale of White Horse, and Bracknell Forest from the current top five that year. Portsmouth is regarded as one of the most densely populated areas in the UK.
The latest figures show that Porstmouth is within the top 100 local authorities for dwellings, with a total of 90,780, which considering the city has a total area of 11.191 square meters, is a huge figure, but sits at the 12th lowest of the 308 authorities.
The city spent approximately £519,989,283 on housing development construction since 2008, which shows it is committed to investing in new housing projects when the opportunity arises.
Craig Sanders, managing director at Protrade, said: “The Covid-19 pandemic has had a huge impact across a number of sectors, with construction also being hit hard during the first lockdown. However, it has bounced back from its contraction back in Spring 2020 and continues to be one of the main drivers for the recovery of the UK economy.”
He added that despite the difficulties faced in the UK over the last 12 months, there has been significant demand for new developments, which has likely been aided by the stamp duty holiday, as well as the desperate need for affordable housing.
“These numbers make for interesting reading and paints a clear picture of which areas are investing the most in house construction, and ultimately helping to tackle the ongoing UK housing crisis,” he concluded.
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