Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Daily Record
Daily Record
National
Ross Thomson

New build house prices in Lanarkshire soar over the last year

New house prices in Lanarkshire have soared in the past year, after a strong performance throughout 2020.

Research by the new-build snagging and defect management experts, HouseScan, shows new-build properties in South Lanarkshire soared by almost 11 per cent from £196,346 to £217,545.

In neighbouring North Lanarkshire, prices also rose sharply with the average new-build costing £172,952 from £159,342.

That’s a rise of 8.5 per cent.

Edinburgh topped the new-build sales with 865 followed by Glasgow on where 757 new-build sales account for nine per cent of the national total.

Completing the top five are South Lanarkshire (589 sales), North Lanarkshire (578 sales), and East Lothian (526 sales).

Since the start of 2020, the Scottish new-build market has put in an impressive performance, with new-build house prices climbing 8.7 per cent 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 per cent.

This is closely followed by the City of Glasgow where new-build house prices have climbed 14.5 per cent to £210,662.

Founder and Managing Director of HouseScan, Harry Yates, said: “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 home buyers 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.”

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.