Scotland Sees Boost In New Housing Developments

Burflex House, Clay Street, Hull, East Yorkshire, HU8 8HA E. info@burflex.co.uk

Burflex House, Clay Street, Hull, East Yorkshire, HU8 8HA E. info@burflex.co.uk

Scotland Sees Boost In New Housing Developments

Scotland Sees Boost In New Housing Developments

There has been an increase in new housing projects in Scotland this year, with housing supplies north of the border increasing by four per cent between 2017 and 2018.

According to the latest New House Building report from Scotland’s Chief Statistician, there were 19,428 new housing units constructed during the 12-month period, which is an increase of 745 compared with the previous year.

This is good news for both the construction industry and property market in Scotland, as it is represents the fifth consecutive year there has been a rise in total housing supply. It is also the highest annual figure for nine years, after there was a slowdown in new housing starts following the property peak of 2008.

These latest figures have been driven by a two per cent increase in new build completions between January and March this year, with 108 more properties being constructed than during the same three-month period in 2017.

This is despite a two per cent decline in the number of new build starts during the first quarter of 2018, with work beginning on 6,146 properties between January and March.

However, with regards to social sector homes, the government reported a four per cent increase in work starting on this type of properties during this period, taking the total for the year to March to 6,068.

Scotland is not the only area of the UK seeing its landscape transform, and scaffolding contractors in Leeds are set to begin work on a new residential construction at the South Bank site in the city.

When finished, there will be 750 new homes, new retail outlets, leisure facilities and office blocks, the Yorkshire Post recently reported.