‘Exceptional’ start to year at Miller Homes

KEVIN SCOTT

“The market in Scotland has remained optimistic despite the uncertainty you would expect in a general election year not to mention post Brexit referendum,” he said. “Sustained demand from purchasers, low interest rates and improved mortgage lending have meant customers have pushed aside any fears of uncertainty, continuing with their day to day lives.”

Miller’s Scottish business accounts for around a quarter of sales. The company’s strategy is to target the Central Belt, where there is a growing demand for new houses.

Neil Gaffney, sales and marketing director for Miller Homes Scotland, said: “Our land strategy has been carefully considered to identify the right areas to achieve sustainable growth, with Miller Homes at Shawfair Village in Midlothian and South Gilmerton Brae in Edinburgh being great examples of how to develop brand new destinations and communities.”

Miller Homes is due to start work on 11 new sites in Scotland between now and Q1 of 2018, resulting in more than 1,600 new homes being brought to the market.

“We’ve been able to appeal to a huge segment of the market by having such a diverse range of quality homes, with 33 different home types ranging from one and two bedroom apartments to large five-bedroom detached family homes,” added Mr Gaffney.

Last year Miller Homes saw pre-tax profit climb 44 per cent to £89.3 million, as revenue grew to £565m. The company completed 2,380 homes across the UK.