Menu

Preston named ‘newest’ UK city as housebuilding boom sees 2,660 new homes

Posted on - 9th March, 2022 - 7:00am | Author - | Posted in - Housing, Preston News, Redevelopment
Preston's skyline Pic: Mick Gardner
Preston’s skyline Pic: Mick Gardner

Housing market research has revealed that Preston is the ‘newest’ UK city, building the highest number of new properties over the last five years.

Advertisement

The latest research by Unlatch, a platform for developers to digitise and accelerate their new-homes sales process, found that 2,660 new homes reached the Preston housing market during this period.

With 64,847 dwellings across the city, the housing stock boost has accounted for 4.1 per cent of the total market.

Read more: Preston City Council withdraw High Court challenge against Cardwell Farm development 

Lee Martin, Head of UK for Unlatch, said: “New-build homes play a vital role in England’s housing market, and the sector is really the primary channel by which we aim to solve the current housing crisis. 

“Every incoming government has pledged to boost new-build delivery in one form or another, although it’s fair to say they rarely achieved it – we’ve certainly seen an uptick in the level of new homes reaching the market in recent years. 

“These are generally focussed around our major urban hubs, but you’d certainly be forgiven for dismissing Preston as the nation’s newest city based on recent new-build delivery in relation to the size of the existing market.”

Read more: Avenham tower blocks future being consulted on

Across England, 808,770 new homes were built in the last five years, equating to 3 per cent of the total 24.7m homes, new and old, found across the housing market.

Unlatch looked at new-build delivery across the nation’s major towns and cities and found that it is, in fact, Preston that ranks as the newest.

Manchester ranks as the next newest city, with new-build delivery over the last five years forming 3.8 per cent of the total housing stock.

Read more: Fire-damaged Hoghton pub ‘Grill and Grain’ to see new life as canal-side office

Newcastle and Middlesbrough also rank high, with new homes accounting for 3.4 per cent of total housing stock, with London ranking fifth at 3 per cent.

See what’s happening near you by entering your postcode below or visit InYourArea



Read more: Watch six-year transformation of UCLan’s Adelphi Square

What do you think of the new-build boom? Let us know in the comments below

Share
Preston in pictures Cuerden Valley Park, PrestonOdeon Fire, PrestonLast applianceCinema Fire, PrestonGarden shotStreetOdeon Cinema fire, PrestonMajor fire, Preston View more Advertisement Subscribe to the newsletter

Sign up below to receive Blog Preston's weekly newsletter. It wings its way into inboxes every Sunday rounding up our best content from the last week and a look ahead to what's happening.

Advertisement News by location

Find news by location, select an area of your choice to be kept up to date with the latest goings on.

Advertisement Categories

Find news by category, select an category of your choice to be kept up to date with the latest goings on.