London home registrations at highest point since records began

2013 saw the number of homes registered in London boom to the highest level since electronic records began 26 years ago, according to the National House Building Council (NHBC).

Last year, the number of new homes registered in London rose to 26,230 an increase of 60 per cent on the previous year.

However, growth in home registration was not restricted to London. The data showed registrations on the up across all UK regions.

For the UK as a whole home registrations rocketed to levels not seen since the pre-crash days of 2007. Home registrations in the UK reached 133,670 - a dramatic increase on the 104,514 seen in 2012.

UK private sector registrations were up 25 per cent on 2012 (78,125 - 97,399) while public sector registrations rose 37 per cent (26,389 - 36,271). The NHBC attributed some of the rapid rise in registrations to government interventions in the housing market.

Commenting on the annual statistics, NHBC chief executive Mike Quinton, said:

Over the year, we have seen a genuine return of confidence to the industry as builders strive to meet the growing demand for new homes that the UK clearly needs. Government initiatives such as Help to Buy have also contributed to registrations increasing at their fastest rate since the downturn.

According to our records, London enjoyed its highest ever annual total of new home registrations.

The rapid uptake of the Help to Buy initiative may renew fears that the UK housing market is heading for an unsustainable boom.

In August, the Office for National Statistics released figures showing house prices rising three times faster than wages, while the average house price had risen to £242,000 - the highest since 2008.