Affordable housing approvals leap but overall new build market remains stalled | New Homes Bulletin
The latest of our New Homes Bulletins has been released. The findings have come from our carefully researched data courtesy of the Rettie & Co. Research Team, Scotland’s largest dedicated property research department.
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• The Scottish Government appears still to be driving councils to meets its 50,000 affordable homes target this parliamentary term, with a 29% rise in affordable housing approvals and £1.75 billion allocated to Scottish councils.
• However, there is some industry concern that there is now some rowing back from this target.
• Various measures show a stalled new build market in Scotland and the rest of the UK, with new build completions only up 2% over the year in Scotland and starts down 5%.