Demand for new homes is on the up

HOME SWEET HOME compared to the previous month.

RoS’ director of commercial services, Kenny Crawford, said: “The volume of residential sales in Scotland in April 2016 was 6,665, a decrease of 16.0 per cent on the previous year.

“This also compares with relatively high volumes of 11,017 in March 2016.

“The decrease in April 2016 was anticipated following the high volumes in the preceding month.”

The average price for a new build property in June 2016 was £182,481, an increase of 3.0 per cent on the previous year, while the average price for an existing resold property was £141,743, an increase of 4.9 per cent on the previous year.

The average price for a property purchased by a former owner occupier was £171,657, an increase of 5.5 per cent on the previous year ande average price for property purchased by a first time buyer was £115,877.