Out with the old, in with the new - London is the nation’s home demolition hotspot
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Our research this week shows that London ranked as the nation’s demolition hotspot over the last year. Read on to see other hotspots, along with what this means for the nation's housing shortage (it might not be what you think).
We crunched Gov.uk figures on the number of properties demolished and found that there have been some 9,020 homes demolished in England over the last year; 13% more than the previous year.
Demolition hotspots - the rankings
London was home to the most demolished homes with the capital seeing 3,034 dwellings toppled over the last year; 31% more than the previous year.
The South East ranks second with 1,492 homes demolished, although this was 5% less than the previous year.
Yorkshire and the Humber (1,164) and the West Midlands (920) also ranked amongst the highest hotspots for demolished homes.
The West Midlands has also seen the second-largest increase in the number of dwellings demolished, up 99% on the previous year.
The East Midlands has seen the largest increase, however. While only 545 dwellings were demolished last year, this is a 143% increase on the previous year. The biggest jump of all regions in England.
If you've got a home to sell in these areas, just be aware that we buy any house, any where. So if you want to sell quickly it's worth contacting our team for a free, no-obligation offer.
Out with the old, in with the new
Ironically, London is arguably most in need of homes to address the current housing crisis but the capital ranks as the hottest spot where the number of properties being demolished is concerned.
Of course, in many cases, this is to make way for new developments and so demolitions certainly serve their purpose when it comes to aiding in the supply of new housing stock.
With the capital and a number of other regions seeing a year-on-year increase, there should be plenty of space for local government to work on supplying new homes to each region to address the issue of supply and demand imbalance, and get the housing market moving more quickly.
So if home demolitions are one of our weapons in the fight against the housing shortage, which areas are still lagging behind?
The North-East showed the biggest loss in momentum, not only demolishing the fewest number of homes last year (125), but also losing the most momentum (demolishing 71% fewer homes than the previous year). The East was second, demolishing the 2nd-fewest homes at 495, and losing momentum too (29% fewer than the previous year).
Demolition stats by region
Table shows the number of demolitions in each region and the year-on-year change, ranked by the highest total demolitions in 2019-20
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