NEW HOMES MARKET REVIEW | AUTUMN 2019

KEY FINDINGS:

  • The new build market accounts for around 10- 13% of sales in the Scottish market every year.
     
  • The average new build price is around 48% higher than the average 2nd hand home.
     
  • New build apartments command the highest premium over 2nd hand stock, with premiums increasing to c.75% across Scotland in 2018.
     
  • The number of new build sales reached their highest point in a decade in 2018, with sales in Q3 2019 ahead of the same period last year.
     
  • The average new build house price across the Edinburgh and Glasgow housing market areas is £282,000; achieving £240/sqft.
     
  • Developments in the Edinburgh and Glasgow housing market areas have averaged 4.4 sales per month over the past year.

About Andrew Meehan

Andrew re-joined the Rettie & Co. Research Team at the start of 2015 having originally worked for the company from 2005 to 2010. Andrew has an MA (Hons) from Edinburgh University and an MSc in...

Andrew Meehan
Associate Director
Edinburgh Read More