The housing market dilemma
Housing supply has been a hot topic in recent years in UK media, with new build developments springing up across Newcastle and surrounding areas, but many buyers remain frustrated. While the recently appointed Labour government headed by Kier Starmer continues to push the construction of new homes as a single-focus approach, there are significant drawbacks to this strategy that aren’t always discussed.
While new builds tend to dominate headlines, they are not the only option for prospective buyers. At Pat Robson & Co, it is our goal to assist both buyers and renters through the complex housing landscape. We know that finding the right home for you means exploring all options, and we will look to guide clients through choices that best fit their needs.
What are new builds?
New builds are homes constructed within the last few years, normally as part of larger planned developments. These properties often come with government incentives and warranties that attract many buyers, as well as modern designs that meet new building regulations and notable energy efficiency ratings.
Buyers should approach new build properties with careful consideration, however. Despite their modern appeal, new build homes often deliver less space at premium prices compared to existing properties. Buyers of these properties also sometimes encounter snagging issues where rushed construction to meet targets leads to unexpected problems after move-in.
Given these potential challenges, home seekers with know-how, benefit from exploring the entire market rather than just the new constructions, allowing them to increase their chances of finding a home that truly aligns with their lifestyle and financial requirements.
New build landscape in the area & political context
Newcastle has seen significant new build development projects in recent years. Major developments include the Forth Yards regeneration project and the Great Park expansion in the north of the city, which will have delivered 3300 homes by 2030, and indicative phasing shows plans for 4100+ beyond 2030 (Newcastle City Council).
Newcastle City Council has approved several large-scale developments as part of its commitment to meet housing targets set by the government. However, questions remain about whether these actually address local needs, or if they are simply to satisfy targets.
While the Help to Buy scheme has assisted some Tyneside residents onto the property ladder, the scheme has also contributed to price inflation that benefits developers more than buyers.
Furthermore, there are concerns around infrastructure, particularly around school capacity in the north of the city, and increased strain on roads and public services. Balancing housing development with adequate infrastructure remains a pressing matter (Newcastlehomes.org.uk).
Downside of reliance on new builds
Newcastle’s new build boom is meant to tackle housing demand, but many first-time buyers still find themselves priced out, even with government schemes. Some homes come with leasehold clauses, adding extra costs down the line. Snagging issues and rushed construction are common complaints, and large developments can sometimes feel lifeless rather than community focused. For those wanting better value and a home with character, resale properties can be the smarter choice.
Our agency provides the alternative
At Pat Robson & Co, we like to keep things simple. Instead of the headaches that often come with new builds, we offer homes that are great value, and skip the hassle of hidden costs. Whether you’re after a roomy period property, a modern city apartment, or a family home in a friendly neighbourhood, we’ll help you find a place that feels right.
If you’re navigating Newcastle’s housing market, get in touch with us today on 0191 20 90 100, or visit our website patrobson.com to view our available properties.
Our team knows the area inside out and is here to make finding your perfect home straightforward. Start your search with Pat Robson & Co. today.
