Home Residential PropertyBuy-To-LetScotland set to dominate British new-build market

Scotland set to dominate British new-build market

by LLP Staff Reporter
4th Oct 22 4:29 pm

Research by Warwick Estates reveals that Scotland is set to continue eclipsing the rest of Britain when it comes to new-builds, with the total number of annual sales once again dwarfing those of any other region in 2022.

Of an estimated 16,158 new-build sales in Britain in 2022, it looks like 10,914 will be in Scotland with the next closest region, the South East, far behind with 1,191 sales.

Scotlandโ€™s strong performance comes despite a forecasted annual new-build sales decline of -70.5% across Britain as a whole in 2022. In fact, Scotlandโ€™s annual decline of -6.5% is nothing compared to the rest of the British regions where annual declines have exceeded -80%.

However, when looking back over the last five years of new-build sales data, Scotland slips into second place behind the South East.

Of 473,630 new-build sales in Britain since 2017, 70,060 have been in the South East – an average of 14,012 per year.

In Scotland, there have been 56,669 – an average of 11,334 a year. And in London, there have been 53,957 sales which works out at 10,791 a year.

The worst performing new-build market over the past five years is Wales, home to just 13,721 sales – or 2,744 a year, followed by the North East where 21,357 sales equate to an average of 4,271 a year.

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