Investors interested in purchasing a new build property should consider Preston, which has welcomed 2,660 new homes in the past five years.
Considering there are 64,847 dwellings across the city this has boosted housing stock by 4.1% over that short period, making Preston one of the newest cities in the UK, research by Unlatch shows.
Manchester ranks as the next newest city, where new-build delivery over the last five years has formed 3.8% of the city’s total housing stock.
Newcastle and Middlesbrough also rank high, with new homes accounting for 3.4% of total housing stock, with London ranking fifth at 3%.
Lee Martin, head of UK for Unlatch, said: “New-build homes play a vital role in England’s housing market and the sector is really the primary channel by which we aim to solve the current housing crisis.
“Every incoming government has pledged to boost new-build delivery in one form or another, although it’s fair to say they rarely achieved it, but we’ve certainly seen an uptick in the level of new homes reaching the market in recent years.
“These are generally focussed around our major urban hubs, but you’d certainly be forgiven for dismissing Preston as the nation’s newest city based on recent new-build delivery in relation to the size of the existing market.”
Across England as a whole, 808,770 new homes have been built in the last five years, equating to 3% of the total 24.7 million homes, new and old, found across the nation’s housing market.