Zoopla: New homes delivery to return to pre-COVID levels in 2022

Jake Carter

November 25, 2021


The delivery of new homes in 2022 will be in line with 2019 after a boost this year, according to the Zoopla New Homes Outlook Report.

Zoopla estimated that completions for the year will amount to 170,000 homes in England.

The North West, Yorkshire and the North East have seen strong new home buyer demand at more than 30% above the five-year average as the relative affordability of these markets prices in buyers and fuels demand.

In London, buyer demand for new homes has remained around 25% below the five-year average.

London is an international real estate market, and has been affected by multiple lockdowns and the lack of international travel.

Zoopla said it anticipates that returning workers and overseas buyers will provide a boost to the new homes market over 2022.

Alex Rose, director of new homes at Zoopla said: “We’re excited to unveil our Housebuilder Hub, which will provide regular insights to housebuilders on what’s happening in the market.

“As we head into 2022, strong house price growth coupled with robust buyer demand looks set to provide a sturdy platform for housebuilders.

“However, the increasing cost of living and the expected rise in mortgage rates will likely have some impact on household buying power over the next two to three years and these headwinds are worth bearing in mind.”

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