New Home registrations rise
New home registrations are up nearly 30% from the same time last year according to new data from NHBC.
In good news for the industry, 10,112 new homes were registered around the country in January 2013 compared with 7,831 in January 2012.
More than 800 new properties were registered as part of the first phase of the iconic Battersea Power Station redevelopment.
More than 3,000 new homes will ultimately be built on this iconic London site over the next 15 years.
NHBC Commercial Director Richard Tamayo said: "We are heartened by the encouraging registration statistics for January which follow a strong end to last year.
"The month’s figures were boosted by the high-profile Battersea Power Station redevelopment as well as an increase in the number of mixed-use developments.
“This will be a welcome bit of New Year cheer for house-builders up and down the country."
Hopefully these new properties will soon translate into increased work for conveyancers.