Residential development in Scotland is set for five years of growth says JLL

January 31, 2017

News release yesterday 30th January from JLL, UK’s leading property consultancy headlined, ‘Scottish house price and rental growth in the shadow of Brexit’

According to new research by JLL, residential development in Scotland is set for five years of growth with demand for homes continuing to outpace supply.

Neil Chegwidden, JLL residential research said:  “The challenging perception of city centre living in recent years is likely to mean that Edinburgh and Glasgow will lead the Scottish residential market during the uncertainties of the next few years, despite these being perhaps most vulnerable to unfavourable Brexit effects.

“Housebuilders are more pro-development now than they have been for some time. Encouragingly we are now seeing the re-emergence of smaller and mid-sized housebuilders, They are providing stiff competition to the larger and more established Scottish housebuilders who have kept their toes in the market despite tougher market conditions in recent years.

“This is forcing up land values in key locations and creating a more diverse base of developers but the battle and scarcity for prime city centre sites is also generating opportunities and desire to develop in peripheral locations.

“All of this is positive for the Scottish residential market moving forward. Let us hope that the political and economic landscape does not undermine the drive towards a more normal and sustainable housing market.”

Read the news release in full including JLL residential forecasts for 2017 – 2021 and comments from Jason Hogg, Director of JLL’s Residential team in Scotland click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker 24/01/25

Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 5.02% +0.02% +0.05% 5-year fixed 4.80% +0.03% +0.13% Term Lowest rate Weekly change Yearly change 2-year fixed 4.22% +0.00% +0.14% 5-year fixed 4.07% +0.00% +0.19% Average fixed-term mortgage rates for home-buyers with 5-10% deposits Loan to Value (LTV)…
Read More →
Marketing

10 Social Media Strategies Every Real Estate Business Should Know

Social media has become a dominant force in shaping how businesses interact with their audience. A real estate business, where connections and trust matter immensely, stands to gain significantly by leveraging social platforms effectively. The “breakdown of hours in your life by task social media” reveals just how integral these platforms have become, not only…
Read More →
Breaking News

Nationwide Housing Affordability Report

Affordability stretched, but gradually improving Modest improvement over past year, but affordability remains stretched by historic standards Considerable variation in affordability across occupational groups Affordability most stretched in London and South of England, with North of England & Scotland the most affordable Commenting on the figures, Andrew Harvey, Senior Economist, said: “There has been a…
Read More →
Estate Agent Talk

Will the ‘Our Future Homes’ report address the needs of an ageing population?

Will the ‘Our Future Homes’ report address the needs of an ageing population? By Kevin Shaw at Leaders The government recently published an independent report, ‘Our Future Homes’, which considers our ageing population and looks at how housebuilders can meet the wants and needs of older people. It is widely acknowledged that not enough new homes…
Read More →
Breaking News

Zoopla: Over a quarter of parents ‘lie or break rules’ to get children into their preferred school

Admission Impossible: Over a quarter of parents admit to ‘lying or bending’ rules to get their children into preferred schools Over a quarter (27 per cent) of UK parents admit to flouting the rules to get their children into schools, rising to 38 per cent in London The number who admit lying is on the…
Read More →
Breaking News

Government planning reforms to protect nature

News that the Government has warned that the planning system must protect nature, as it unveils reforms Partner Alison Ogley, Freeths commented: “This is a potential game changer addressing the current inertia in the system, providing a solution that is more effective than individual developers trying to address environmental improvements on a project by project…
Read More →