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South West · report

New homes in South West

6.3% fewer homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
16,660
Per 1,000 residents
2.8

Homes started in South West

Homes started over the previous 12 months, at each quarter.

  • South West
  • Ten-year average
Show the numbers
PeriodSouth West
Jun 202616,660
Mar 202617,100
Dec 202516,320
Sep 202515,930
Jun 202514,630
Mar 202513,820
Dec 202413,000
Sep 202412,490
Jun 202411,060
Mar 202414,810
Dec 202316,130
Sep 202317,620
Jun 202320,430
Mar 202320,470
Dec 202221,210
Sep 202221,280
Jun 202221,870
Mar 202220,010
Dec 202120,510
Sep 202121,060
Jun 202120,010
Mar 202117,010
Dec 202015,440
Sep 202014,380
Jun 202014,790
Mar 202017,130
Dec 201917,950
Sep 201918,360
Jun 201918,380
Mar 201918,910
Dec 201818,510
Sep 201818,670
Jun 201818,570
Mar 201818,480
Dec 201718,860
Sep 201719,240
Jun 201719,850
Mar 201720,410
Dec 201620,010
Sep 201619,630
Jun 201618,830
Mar 201617,710
Dec 201517,950
Sep 201517,080
Jun 201517,260
Mar 201518,440
Dec 201418,760
Sep 201419,440
Jun 201419,170
Mar 201418,120
Dec 201316,850
Sep 201315,910
Jun 201315,280
Mar 201314,350
Dec 201214,210
Sep 201214,500
Jun 201214,080
Mar 201214,290
Dec 201114,550
Sep 201114,260
Jun 201114,500
Mar 201115,200
Dec 201014,920
Sep 201015,070
Jun 201014,410
Mar 201012,520

A start is the first count of a new home in the UK: no nation counts homes granted planning permission. Most starts are finished one to two years later. England's and Wales's counts come from building control, which misses some homes; Scotland counts housing association approvals as starts; Northern Ireland's begin in 2015.

Other reports for South West

Next 12 months

Sale prices have an 80% chance of landing between £291,007 and £326,649 by August 2027.

Expected, August 2027
£308,828
Chance of a rise
63%

Affordability

At the average sale price, a home costs £304,139. With 10% down and a 30-year mortgage, the payment is £1,403 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
22%
Payment, one income
45%

Buy or rent

Renting the average home costs less each month than owning it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£1,251
Owning per month
£1,432

Foreign buyers

Figures for United Kingdom: South West has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

Past cycles

Sale prices have fallen by 3% or more 7 times since 1968. The deepest began in September 1989.

Deepest fall
−26.5%
Recovery from the low
66 months

People and new homes

In 2025 the population grew by 21,984 while 15,060 homes were finished: 1.5 new residents for every new home.

New residents per new home, 2025
1.5
Population change, 2025
+21,984

Empty homes

5.7% of the 2,630,834 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
5.7%
Empty homes
150,335

Renovation

In 2025, 14% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
14%