Scotland’s new build property hotspots revealed
According to the latest research from new build snagging company HouseScan, West Dunbartonshire, Stirling and Inverclyde are currently ranking as the new build property hotspots in Scotland.
HouseScan analysed the current new build market across Scotland, looking at new build stock levels as well as homebuyer demand based on the number of properties already sold as a percentage of all stock listed for sale.
The research shows that there are a total of 2,376 new build homes listed for sale across Scotland, meaning the sector currently accounts for 8% of all for sale stock in the Scottish market.
With 499 of these properties already listed as under offer or sold subject to contract, national demand for Scottish new builds currently sits at 21%.
The areas with the highest proportion of new build stock is Mid and East Lothian, with almost a third (32%) of all homes currently listed on the market across Midlothian being new build homes and 20% in East Lothian.
Aberdeen, Edinburgh and West Lothian are also home to some of the highest levels of new build availability with the sector accounting for 13% of all current stock listed for sale.
West Dunbartonshire ranks highest in terms of demand for new build homes in Scotland according to the research, with three quarters of new build homes listed for sale already sold subject to contract or under offer.
Stirling is also home to a high level of demand for new build homes, with 67% of current stock on the market already being snapped up by buyers.
Inverclyde, Perth and Kinross and Clackmannanshire also place high, with more than half of all new build housing stock already sold subject to contract or under offer.
Dundee currently ranks lowest for new build homebuyer demand, with all new build stock currently on the market remaining available, followed by Aberdeen (1%) and West Lothian (4%).
Harry Yates, founder and managing director of HouseScan, said: “There remains a very healthy appetite for new build homes across much of the Scottish market with homebuyers snapping up a considerable proportion of available stock.
“However, the sector still accounts for just 8% of the overall market and so the nation presents a great opportunity for housebuilders to deliver a greater degree of stock to feed this new build homebuyer hunger.
“The commitment by West Lothian Council to invest £80m into new homes and maintenance demonstrates the strength of this demand for new homes and while the area currently ranks amongst some of the lowest for new build demand, this investment is sure to see West Lothian increase in popularity.”