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Tower Hamlets · report

New homes in Tower Hamlets

28.5% more homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
1,530
Per 1,000 residents
4.6

Homes started in Tower Hamlets

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

  • Tower Hamlets
  • Ten-year average
Show the numbers
PeriodTower Hamlets
Jun 20261,530
Mar 20261,140
Dec 20251,100
Sep 202530
Jun 202530
Mar 202530
Dec 202480
Sep 202480
Jun 2024590
Mar 20241,210
Dec 20232,010
Sep 20232,160
Jun 20232,210
Mar 20231,890
Dec 20221,810
Sep 20221,800
Jun 20221,500
Mar 20221,190
Dec 2021510
Sep 2021380
Jun 2021130
Mar 2021120
Dec 202090
Sep 2020290
Jun 2020300
Mar 2020310
Dec 2019420
Sep 2019590
Jun 20191,500
Mar 20191,660
Dec 20182,560
Sep 20182,540
Jun 20181,920
Mar 20182,370
Dec 20171,610
Sep 20172,520
Jun 20172,450
Mar 20172,090
Dec 20161,980
Sep 2016890
Jun 20161,060
Mar 20161,200
Dec 20152,340
Sep 20152,580
Jun 20152,530
Mar 20152,340
Dec 20141,050
Sep 20141,010
Jun 20141,110
Mar 20141,290
Dec 20131,510
Sep 20131,200
Jun 20131,150
Mar 20131,240
Dec 20121,920
Sep 20123,530
Jun 20123,510
Mar 20123,600
Dec 20113,260
Sep 20111,620
Jun 20111,850
Mar 20112,050
Dec 20101,680
Sep 20102,200
Jun 20102,350
Mar 20101,790
Dec 20091,800
Sep 20091,490
Jun 2009930
Mar 20091,290
Dec 20081,420
Sep 20081,940
Jun 20082,290
Mar 20081,960
Dec 20071,830
Sep 20071,380
Jun 2007920
Mar 2007830
Dec 2006820
Sep 20061,090
Jun 20061,850
Mar 20061,910
Dec 20052,030

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 Tower Hamlets

Next 12 months

Sale prices have an 80% chance of landing between £389,369 and £461,045 by August 2027.

Expected, August 2027
£425,207
Chance of a rise
21%

Affordability

At the average sale price, a home costs £447,950. With 10% down and a 30-year mortgage, the payment is £2,067 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
24%
Payment, one income
48%

Buy or rent

Owning the average home costs less each month than renting 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
£2,462
Owning per month
£2,109

Foreign buyers

Figures for United Kingdom: Tower Hamlets 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 11 times since 1995. The deepest began in April 2008.

Deepest fall
−25.1%
Recovery from the low
50 months

People and new homes

In 2025 the population fell by 1,855 while 1,000 homes were finished.

Homes finished, 2025
1,000
Population change, 2025
−1,855

Empty homes

8.1% of the 134,473 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
8.1%
Empty homes
10,905

Renovation

In 2025, 3% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
3%