Banwell, a quaint village in Somerset with just over 3,000 residents, has been recognised as the UK’s ‘new build capital’ for 2023-24. According to recent research by Alan Boswell Group, a specialist in buy-to-let insurance, Banwell led the nation with 180 new build homes sold—accounting for more than 65% of all property transactions in the village, the highest proportion anywhere in the UK.
This distinction is particularly noteworthy amid ongoing national housing challenges. The Labour Government’s ambitious plan to deliver 1.5 million new homes by 2029 has fallen short so far, with only an estimated 200,000 homes built since their term began—lagging behind the target by approximately 100,000 homes per year.
Banwell’s remarkable performance adds an important perspective to these figures, demonstrating localized success in delivering modern, energy-efficient housing. Despite its historical origins dating back to the Bronze Age, the village has embraced contemporary development, with 275 house sales recorded in total during 2023-24.
READ MORE: School where every child belongs hailed for inclusive atmosphere
READ MORE: Major Road to Close for Seven Weeks During Portway Bridge Refurbishment
Following Banwell, Swanscombe in Kent secured second place, reflecting a surge in new housing activity in this compact town. The medieval town of Arundel also featured prominently, with new builds representing nearly 47% of its 766 housing transactions.
Heath Alexander-Bew of Alan Boswell Group commented, “For first-time buyers and growing families, these areas offer valuable opportunities to own spacious, modern homes within vibrant communities. The rising preference for detached homes reflects a broader trend toward more comfortable living spaces—detached properties accounted for approximately 14% of all new build sales between 2023 and 2025.”
Banwell’s success underscores how smaller communities can play a crucial role in addressing the UK’s housing needs by embracing new build developments that combine modern living with local character.