New build homeowners to save up to £3,118 on energy costs

New build homeowners to save up to £3,118 on energy costs

  • Nearly 200,000 new build homes were registered in the UK in 2022, the highest number since 2007 and up 26% on 2021, according to the latest statistics produced by the NHBC. Registrations increased in all regions of England and Wales.
  • More than half of buyers would consider a new build home. The ready-to-move-in condition, reduced running costs, lack of maintenance and developer incentives are all highly attractive to prospective purchasers.
  • Owners of new build homes are set to save an average of £2,500 per year on energy costs after the Energy Price Guarantee increase anticipated in April, according to the Home Builders Federation (HBF).
  • The HBF analysed all EPCs undertaken during 2022 and found that across all property types and sizes, kWh energy usage per m² was far lower for new build than existing properties.

Source: Dataloft, Home Builders Federation, 2023, Property Academy Home Moving Trends Survey 2022, NHBC, 2023

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