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

Breaking News

First-time buyer enquiries fall 27% as borrowing costs rise

First-time buyer enquiries a quarter lower than last year as higher borrowing costs put moving plans on ice   The gap between housing supply and demand continues to widen as sales slow First-time buyer enquiries are a quarter (27 per cent)  lower than last year in the wake of the the Bank of England’s decision…
Read More →
Breaking News

Homes completing on Friday the 13th sell for less

With Friday the 13th fast approaching, new research from Homebuyer.Agency has revealed that homes completing on the supposedly unlucky date have sold for as much as £24,950 below the wider market median, while properties bearing the number 13 have also consistently commanded lower prices. Homebuyer.Agency analysed Land Registry price paid data across England and Wales…
Read More →
Breaking News

Surrey, Herts & Bucks named most exclusive markets

Surrey, Hertfordshire and Buckinghamshire have been named England’s most exclusive new-build property markets outside London, according to new research from UK Property Development (UKPD), with these counties boasting the highest proportions of new homes commanding asking prices of £1 million or more. UKPD analysed current new-build property listings across England using Rightmove data, before looking…
Read More →
Breaking News

Friday the 13th spooks home-movers

Rightmove analysis reveals that people avoid moving on Friday the 13th, despite Friday usually being the busiest day for home moves Analysis of Land Registry data going back to 1995 shows that Friday the 13th is the quietest Friday for home moves The 13th is also the quietest day of the month for home moves,…
Read More →
Letting Agent Talk

Section 21 reform divides landlords and tenants

Five months after Section 21 was abolished, landlords and tenants remain sharply divided over whether the reform was necessary, but both sides agree that good relationships and clear communication have the greatest influence on how secure a renter feels, according to new research from LRG. The Autumn 2026 Lettings Report, based on responses from 405…
Read More →
to let sign 2025
Breaking News

70% of landlords anticipate rent rise due to Autumn Budget

As landlord exodus threatens rental supply The latest research from LegalforLandlords has found that 70% of UK landlords are considering increasing rents following the Government’s latest property income tax changes, while almost half are considering selling properties or reducing their portfolios, raising concerns about the future availability and affordability of privately rented homes. LegalforLandlords commissioned…
Read More →