Covid hit growing new-build sector

Survey: The market share of the new-build sector had been slowly growing before Covid, a survey has found.

Unlatch analysed property transaction data in England and Wales to find what percentage of total market activity had come via the new-build market over the past five years.

It was 11 per cent in 2017, 12 per cent in 2018 and hitting a peak of 13 per cent in 2019. However, the outbreak of Covid saw new-build transactions falling to 10 per cent and to just 2 per cent in 2021. The sector is expected to grow in 2022.