Skip to main content Menu Skip to footer

Milton Keynes is Britain's new build capital

30th June 2017

  • Milton Keynes postal area has the highest proportion of new builds in Britain, outside of London
  • Five out of the top 10 areas for new build homes are in Southern England, three in The Midlands
  • Areas where more than a quarter of property sales are accounted for by new build have a six per cent higher property price growth rate than the national average
  • Milton Keynes is Britain’s top location for the highest concentration of new build properties*, outside of London, according to new data from Zoopla and Hometrack, with new homes accounting for over a third (33.2 per cent) of property sales.

    Zoopla analysed data from Hometrack to reveal which areas of Britain are home to the highest concentration of new build properties as a share of all property sales. The fast growing, ex new town of Milton Keynes is closely followed by Crewe (29.6 per cent), which joins Middlesbrough in Teeside as one of only two areas in Northern England to have made it into the top 10, and the Greater London town of Ilford (28.8 per cent) in third place.

    At the other end of the table, the Shetland village of Sandness has the smallest proportion of property sales accounted for by newly built properties, at only 0.5 per cent. The second lowest is Greater London’s Orpington, at 2.7 per cent, closely followed by the Scottish town of Dumfries with 2.9 per cent.

    Zoopla also looked at how property values have changed in areas with a higher proportion of new build housing. The data reveals that areas which have a new build concentration of 25% or more have grown in value on average by 29.7% over the past five years, six per cent above than the national average property price growth rate which stands at 23.6%.

    Regionally, the research also reveals that the highest concentration of new build homes are found in Southern England (five of the top 10) and The Midlands (three of the top 10), with only Crewe (29.6 per cent) and Middlesbrough (20.3 per cent) representing Northern England at the top of the table.

    Lawrence Hall, spokesperson for Zoopla comments: “New housing sales account for 1 in 10 property sales each year but this varies across the country. These new findings give us a useful overview of where new builds are most common around the country, outside of London. Clearly, areas such as Milton Keynes and Crewe are benefiting from new investment by developers. “While there is a correlation between a large proportion of new builds and higher property price growth, new homes are typically developed in areas of high demand, which has already contributed to a rise in property values.”

    Top 10 areas for new build concentration in Britain (excluding London)

    Ranking

    Location

    Change in property value since June 2012 (%)

    Change in property value since June 2012 (£)

    New build concentration percentage

    1

    MILTON KEYNES

    30.9%

    £74,941

    33.2%

    2

    CREWE

    22.6%

    £41,709

    29.6%

    3

    ILFORD

    42.2%

    £134,849

    28.8%

    4

    SALISBURY

    21.3%

    £59,759

    26.6%

    5

    GRAVESEND

    42.5%

    £105,119

    25.4%

    6

    TELFORD

    18.7%

    £30,612

    25.4%

    7

    OXFORD

    29.7%

    £95,123

    22.1%

    8

    MIDDLESBROUGH

    8.2%

    £11,029

    20.3%

    9

    SHREWSBURY

    19.9%

    £39,199

    20.1%

    10

    NORTHAMPTON

    29.1%

    £53,670

    20.0%

    Source, Hometrack March 2017 and Zoopla June 2017

    Bottom 10 areas for new build concentration in Britain (excluding London)

    Ranking

    Location

    Change in property value since June 2012 (%)

    Change in property value since June 2012 (£)

    New build concentration percentage

    1

    SANDNESS

    11.5%

    £13,456

    0.5%

    2

    ORPINGTON

    39.4%

    £151,420

    2.7%

    3

    DUMFRIES

    14.2%

    £18,957

    2.9%

    4

    HAWICK

    15.8%

    £24,211

    4.1%

    5

    BOURNEMOUTH

    25.8%

    £70,392

    4.1%

    6

    DUNDEE

    12.1%

    £16,450

    4.3%

    7

    BRECON

    14.7%

    £27,636

    4.8%

    8

    HEREFORD

    17.5%

    £39,251

    5.1%

    9

    CROYDON

    44.3%

    £132,657

    5.1%

    10

    BOLTON

    17.5%

    £24,369

    5.2%

    Source, Hometrack March 2017 and Zoopla June 2017

    - Ends -

    For further information, please contact PR Team on pr@zoopla.co.uk or +44 (0)20 3873 8770.

    About Zoopla

    Hello. We're Zoopla. A property website and app.

    We know you're not just looking for a place to live. You're looking for a home.

    Yeah, we've got over a million properties for you to browse.

    Tools that let you filter them in all kinds of clever ways.

    And reliable house price estimates, so you can be sure you aren't paying over the odds.

    But we know you're looking for more than that.

    Because that first flat won't just be a 'great investment opportunity'.

    It'll be the feeling of starting out on your own.

    That extra bedroom won't just mean another £20K on the re-sale price, it'll mean having your sister over to stay.

    And that bungalow won't just be a way to release some equity, it will be a chance to spend more time with the grandkids.

    We know that searching for a home is about more than just checking its price, location and features (important as all those things are).

    What really matters is how it makes you feel.

    We know what a home is really worth.

    So let us help you find yours.

    Zoopla is part of Zoopla Limited which was founded in 2007.

    Zoopla Limited, The Cooperage, 5 Copper Row, London, SE1 2LH
    Registered in England and Wales with Company No. 09005884
    VAT Registration number: 191 2231 33
    Data Protection number: Z9972266

    Back to Press releases