Edinburgh accounts for almost a quarter of new build starts in Scotland
Edinburgh accounts for almost a quarter of new build starts in the private sector in Scotland according to a leading property firm. DJ Alexander Ltd, part of the Lomond Group which is the largest lettings and estate agency in Scotland, examined the latest statistics and found that 23.3% of new build starts (3,166) in the financial year 2020-2021 (the latest year for which there is data) were in Edinburgh.
In Scotland over the same period there were 13,568 private new build starts. If you include the areas surrounding Edinburgh (East Lothian; Midlothian; West Lothian; and Fife) the figure rises to 5,409 which is 39.9% of the Scottish total.
Scotland’s other major cities come nowhere near the Edinburgh figure. In Glasgow there appears to be a long-term decline in new build housing having peaked at 4,270 private new build starts in 2006-07 the latest figure is a fraction of that at 605 (4.5% of the Scottish total) for 2020-21. This is unrelated to the pandemic as this figure is the second highest in the last 12 years.
Including the figures for the Glasgow City Region (which includes seven local authorities plus the city) there have been 3,013 private new build starts in the latest year which is the equivalent of 22.2% of Scotland’s total.
Aberdeen city recorded 644 private new build starts which is close to the average for the last decade while Dundee had 262 in 2020-21 which was the fourth highest figure in the last 12 years.
David Alexander, the chief executive officer of DJ Alexander Scotland, commented: “It is clear that Edinburgh is a Scottish, UK, and international property hotspot which is encouraging a property building boom. Prices are currently at record levels and demand remains strong. As a result, there has been a natural rippling out effect from the city which has also encouraged new building in the adjacent local authority areas.”
“Just last month approval was given for the creation of a new town in East Lothian called Blindwells which will consist of 1600 new homes, a school, local amenities, and good access to public and private transport links.”
David continued: “This is all good for Edinburgh and the surrounding areas as long as too much strain is not placed on the local community infrastructure in these areas. There is also the question of whether Edinburgh being such a powerful draw for individuals and companies is healthy for the wider Scottish economy.”
HICH LTD has continually raised the quality standards in the UK property survey market. Our multi-award-winning property survey service has made us the leading reference in the property survey market.
We offer property survey services of the highest quality. Using state-of-the-art equipment, we provide top-notch property surveys at affordable prices. Our prices are based on the number of rooms rather than the value of the properties, so you will always get the best value for money with our services.
Please look at our Trustpilot page and see why customers have chosen us as their favourite property survey provider!
At HICH LTD, we work to serve our clients and make the world a better place for everyone. We actively collaborate with NGOs to promote environmental, social and charitable causes. If you want to know more about our efforts or how you can help, contact us at hichinfo@aol.co.uk.
Are you looking for a roof, structural, or bespoke survey? Request it here!
Follow us on our social networks to keep updated with the most relevant property market news, tips for being a responsible homeowner, and more!
Twitter: @HICHLTD
Facebook: HICH-LTD
