House building up despite fall in the capital

HOUSE building in London slowed in the run up to May’s General Election, despite an increase across the UK as a whole.

The number of new homes registered in Greater London dropped to 7,045 in the three months ending 31 May, according to the figures released today by the National House Building Council.

It marks a fall of 19 per cent on the same period last year.

Registered homes are homes that have been granted planning permission, but where construction is yet to start.

It stands in contrast to a nationwide pick-up in registrations of 15 per cent over the same period. Total UK registrations to 43,987.

The private sector generated most of the climb during the quarter, with the number of registrations increasing by 17 per cent to 33,046. This was compared to a rise of nine per cent in the public sector, which saw the number of registrations increase to 10,941.

“So far in 2015 we have seen new home registrations remain consistently ahead of 2014 levels, which is clearly encouraging news for the industry,” said NHBC chief executive Mike Quinton.

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