Rettie's private sector property research team provides thorough and bespoke analysis, based on reliable and up-to-date information, led by Dr John Boyle, who has over 15 years of experience as a property economist. Our researchers provide the very best market intelligence and work across a broad range of projects locally and nationally.
Over the last 12 months, 13 of the top 20 settlements in Scotland (ranked in terms of average house price) were located by the coast. Elie and Earlsferry took the number one spot with an average house price of £869,459. Gullane in East Lothian was second, with an average house price of £504,139, while St Andrews came in third, with prices averaging £490,361.
We proactively continued our engagement with our client database during lockdown to keep them informed of opportunities that would be coming to the market once restrictions were lifted. We have also taken active steps to allow potential buyers to view new build properties in a safe and compliant way. These steps have resulted in a strong return in new build sales since the market reopened in July.
The Scottish New Build market is a crucial component of the wider housing market, contributing 10% to 13% of sales across Scotland and in excess of a third of sales in some council areas. Over the past few years, the New Build market has delivered increasing supply, with 2018 recording the highest level of new build sales in a decade.
The latest of our New Homes Bulletins has been released. The findings have come from our carefully researched data courtesy of the Rettie Research Team, Scotland's largest dedicated property research department.