New homes be­ing built as buy­ers opt for ru­ral

Rutherglen Reformer - - Property - Lor­raine Howard

Scot­tish house buy­ers are fall­ing in love with sub­ur­bia, while sales of ex­pen­sive Scots homes has reached its high­est point for eight years, new re­search has re­vealed.

So-called prime sales of houses worth £400,000 and above have risen by eight per cent in a year reach­ing 3533 in 2015, ac­cord­ing to the lat­est study by Sav­ills es­tate agents.

The re­search emerged as a new Of­fice for Na­tional Sta­tis­tics re­port showed the north-south di­vide on house prices is get­ting wider.

The Sav­ills re­search, based on Regis­ters of Scot­land data claims that the rise has been partly fu­elled by an in­creas­ing de­sire to live in the sub­urbs, be­cause of a dwin­dling sup­ply of the best homes avail­able to buy in the most sought-af­ter city cen­tre lo­ca­tions.

Pur­chases dou­bled in Lib­er­ton, Ed­in­burgh, and Kil­ma­colm, Ren­frew­shire.

And Stir­ling­shire saw the big­gest growth, with a 36 per cent in­crease in high end sales.

An­drew Per­ratt, head of res­i­den­tial for Sav­ills in Scot­land said: “We have seen a jump in sales across sub­ur­ban lo­ca­tions where we are see­ing the re­turn of the ‘clos­ing date’, and pre­mium prices be­ing paid.

“This may be ex­plained by a dwin­dling sup­ply of the best homes avail­able to buy in the most sought-af­ter city lo­ca­tions. We ex­pect this trend to con­tinue and to rip­ple fur­ther out­wards to more at­tain­able sub­urbs, like Lib­er­ton in Ed­in­burgh and Nether­lee in Glas­gow.”

The num­ber of mil­lion pound sales in Scot­land also rose steeply from 146 in 2014 to 194 last year. Perth - Robert­son Homes , Auchter­arder Ste­wart Milne , Auchter­arder

And in May more new build homes were be­ing de­vel­oped across Ayr s h i re, Per th, La­nark­shire, Dum­fries and Stir­ling.

In Stir­ling - Ogilvie Homes , Stir­ling Cru­den Homes , Stir­ling and Bell­way Homes were build­ing new es­tates.

In the Dum­bar­ton area Turn­berry Homes were busy at work. In Alexan­dria Taylor Wim­pey were buildling.

In the Dum­fries and Gal­loway area Story Homes were build­ing new houses.

In Ayr­shire Hope Homes, Mac­tag­gart and Mickel and Bell­way Homes were build­ing new prop­erty.

In La­nark­shire Avant homes Robert­son Homes and Miller Homes were de­vel­op­ing.

In West Loth­ian - Miller Homes , Taylor Wim­pey , Bell­way are b uild­ing.

And in Pais­ley Miller Homes and Taylor Wim­pey are also build­ing new houses in the town.

Sales re­mained steady across the coun­try in April and the growth in ac­tiv­ity is ex­pected to con­tinue, pre­dict­ing an in­crease in Scot­tish res­i­den­tial prop­erty sales over the next three months.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.