Business

New house registrations in Northern Ireland rose by just ONE a week in 2016 says NHBC

The number of new homes registered in Northern Ireland in 2016 was up just 55 on the previous year according to the National House-Building Council
Gary McDonald Business Editor

NEW home registrations in Northern Ireland increased by just ONE a week in 2016 than on the previous year, figures from the National House-Building Council (NHBC) show.

Some 3,280 new homes were registered in Northern Ireland by NHBC in 2016 - a rise of 55 on the 2015 total of 3,225.

But despite the minuscule uplift, it still made the region one of the seven out of 12 in the UK where there was any sort of increase.

In the year as a whole the number of registrations, at 151,687, represented an overall 2 per cent decrease on the previous 12-month period (155,504) and was still the second highest in almost a decade.

Indeed the 2016 figures represent a 70 per cent increase in registrations compared to levels seen at the time of the housing crash in 2008/09.

Some 115,689 new homes were registered in the private sector (117,506 in 2015), with 35,998 registered in the social/affordable sector (it was 37,998 the previous year).

In terms of house types, 2016 saw the highest number of detached homes registered in the UK since 2004 according to the NHBC, with a total of 46,118 being registered and the highest number of semi-detached since records began 30 years ago (38,999).

NHBC business development director Mark Jones said: “Taking into account the extraordinary events of 2016, the UK house-building sector has remained resilient, despite initial caution around Brexit. We have also seen some strong regional growth outside of London.

“Both industry and consumer confidence remains high and early signs indicate that the new year has begun positively.”

Meanwhile separate findings from global infrastructure services firm Aecom's annual review of the island's construction industry show that the value of output in the north grew by 4.5 per cent last year, and further "modest growth" is predicted in 2017 despite the ongoing economic and political uncertainty.

It says construction activity was particularly boosted by new investments from Belfast City Council.

With 2016 the first full year that the planning process was devolved to local authorities, there was an increase in the number of decisions being made in council chambers, and Belfast begun investment of its £106 million leisure transformation programme.

There was also a marked increase in activity in the commercial sector in 2016, with Belfast is beginning to attract London, US and Middle East investment.

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