Scottish New Build Market is Thriving After Strong Performance in Pandemic Year

Our latest research has shown that the Scottish new-build market has enjoyed steady and reliable price growth throughout the past pandemic year, with South Ayrshire and nearby Glasgow leading the way.

Since the start of 2020, the Scottish new-build market has put in an impressive performance, with new-build house prices climbing 8.7% to £229,159 across the nation.

Spearheading this growth is South Ayrshire where the average new-build price is up from £186,974 to £215,824 in the year, a boost of 15.4%. This is closely followed by the City of Glasgow where new-build house prices have climbed 14.5% to £210,662.

Just up the road, in Inverclyde, new-build prices have increased by 13.2% annually, followed by Perth & Kinross (12.5%). Rounding off the top five Scottish new-build price growth hotspots is Moray, in the north of the country, where prices have risen by 11.7%.

At the other end of the table, the cities of Aberdeen and Edinburgh have enjoyed slower but still positive annual growth, with prices rising by 1.3% and 4.3% respectively. Despite slower growth, Edinburgh is still home to the most expensive new-build prices in Scotland, at an average value of £332,900.

And, despite growth rates being relatively low, Edinburgh continues to be Scotland’s most active new-build market, ranking number one in terms of total new-build sales volume. Since the start of the pandemic, there have been 865 new-build sales in Edinburgh, accounting for 10.3% of total market activity across Scotland.

Close behind in the number two spot is Glasgow, Scotland’s most populous city, where 757 new-build sales account for 9% of the national total. Completing the top five are South Lanarkshire (589 sales), North Lanarkshire (578 sales), and East Lothian (526 sales).

Founder and Managing Director of HouseScan, Harry Yates, commented:

“The Scottish housing market is experiencing a period of boom and the country has become an increasingly popular house hunting destination for a number of reasons.

Open space, beauty, and affordable house prices have helped drive Scotland’s recent market successes and many homebuyers are looking to the new-build sector when climbing the Scottish property ladder.

Building a strong and capable infrastructure is a vital part of national growth and the new-build sector will continue to play a central role in this progression across Scotland in the years to come.”

New Build Homeowners in Scotland can book their HouseScan in our booking portal above. Feel free to contact us via the form here for a list of availabilities and a bespoke quote.