The latest market analysis from ESPC shows that 4.1% more homes were sold between May and July 2015 compared with the same period last year. The number of new homes being brought to market decreased by 8.8% year-on-year.
For the first time the ESPC house price report is providing more depth in its analysis of fluctuations across the region. Maria Botha-Lopez, ESPC’s business analyst, says: “While some parts of Edinburgh are showing increases in average selling prices, other areas are showing decreases, making these areas more affordable for first-time buyers or home-movers.
“It highlights the impact that new builds and the Help to Buy scheme has had on the existing property market – when existing properties are competing with new builds, aided by government incentives like the Help to Buy scheme.
In Edinburgh, one-bedroom flats in the Dalry and Gorgie areas have shown very strong growth, rising 14.6% since a year ago. Other areas in the capital which showing strong growth are Morningside and Merchiston, where the average price of a two-bedroom flat has risen 18.3% over 12 months.
Separately, data from Your Move has shown house prices in Scotland increasing by 2.6% in June, taking the average price to £169,227, and transactions up 25%.
“The calm annual house price change of 1.2% recorded in June 2015 belies tumultuous currents of activity beneath the surface. The Scottish housing market has been buffeted around by taxation,” remarks Christine Campbell, Your Move managing director in Scotland. “Glasgow has experienced the strongest jump in house purchases overall, with sales up 18% in the second quarter compared with the same period in 2014, while Edinburgh sales have seen just a 2% upswing over the same period.”
The Willows in Glasgow (Merchant Homes)
The housebuilder has released its three-bedroom ‘Blair II’ show home at The Willows in South Nitshill, in the southwest of Glasgow, close to the edge of Dams to Darnley Country Park. With full interior design and landscaped garden, this home costs £160,000. The Former view home, the ‘Glen II’ is also available for £138,000, including carpets throughout.
The development is within just a few minutes’ drive from the M77, which leads into the city centre and connects with the M8. Nitshill station, a short walk from these homes, provides a speedy direct service into Glasgow Central.
The marketing suite at The Willows is open Thursday to Monday, from 11.00am to 5.30pm.
Price: From £135,000
Find out more at merchanthomes.co.uk ; 0141 881 0906
Mayfield Manor in Carluke, Lanarkshire (Persimmon Homes)
The latest show home at this development on the edge of town is now open. When completed, the scheme will provide 117 homes in a mix of styles, from two-bedroom terraces to five-bedroom detached properties. Persimmon offers Homechange, Part Exchange and Helping Hand Shared Equity to make purchasing more affordable.
Carluke is the Clyde Valley’s largest town and overlooks the River Clyde, right in the heart of Lanarkshire’s fruit growing area. Situated in the former Mayfield Brickworks, this development is positioned in a sought-after area of the town, which has seen a recent boom in housebuilding thanks to its direct train link with Glasgow.
The Mayfield Manor site has been developed specifically to provide homes for a broad range of households and provides a generous amount of open and children's play space located centrally within the well-designed development.
You can visit the marketing suite and show home from 11.00am to 6.00pm, Thursday to Monday.
Find out more at www.persimmonhomes.com ; 01555 700 010
Deer Park Heights in Livingston, West Lothian (Muir Homes)
Just three properties remain for sale at this luxurious development of new two- and three-bedroom apartments in an enviable location overlooking the Deer Park Golf and Country Club, with views of the 17th and 18th fairways. Among these last properties is a two-bedroom penthouse for that extra touch of luxury.
The grand and scenic surroundings belie the development’s proximity to the M8, making it ideal for anyone looking to lead a quiet life with easy connections to Glasgow and/or Edinburgh. Livingston has its own great amenities much closer at hand, including Scotland’s largest designer outlet, McArthur Glen, and the town is not far away from the glorious scenery of the Pentland Hills Regional Park.
Find out more at www.muirhomes.co.uk ; 01506 432600
Annick Gardens in Perceton, Ayrshire (Dawn Homes)
For a getaway from urban bustle, what about one of 48 spacious three-,four- and five-bedroom family homes in rural Ayrshire? Despite the tranquillity of the countryside surroundings, Perceton is well connected, so that work and leisure destinations are easily accessed.
The town of Irvine is just minutes away and the Silverburn Shopping Centre can be reached in 30 minutes or less. Recreationally, this area has much to offer, with the Ayrshire coast on the doorstep and golf, fishing, cycling, walking, tennis or sailing all within easy reach.
There are plenty of home types to choose from in the current and future releases, with a high-quality specification within each of them.
Price: From £163,000
Find out more at www.dawn-homes.co.uk ; 01294 214362
The housebuilder has just opened the doors to its new show home at this site, the ‘Thornewood’, a two-storey, five-bedroom home which has been professionally decorated to inspire house-hunters in the area.
There’s also a special offer open to any buyer who reserves by 30 September. They will automatically be entered into a draw to win a luxurious dinner party, hosted and catered by private chef Campbell Mickel in the privacy of their brand new home – which will be a unique experience for the homeowner and their guests.
Devon Lane is a collection of 35 detached homes, a mix of three-, four- and five- bedroom detached homes and three exclusive steading conversions, which will be the jewel in the crown of the new community.
The regeneration of the area also includes plans for a new railway station on the main Edinburgh to Glasgow line, though currently Linlithgow railway station is less than six miles away. These homes sit in the catchment area for Linlithgow Academy, one of the top-performing schools in Scotland.
Price: From £215,000
Find out more at www.stewartmilnehomes.com ; 0845 302 6396
Pennywell Living in Edinburgh (Urban Union)
The company is offering flooring packages on eight popular properties at its Pennywell Living development in Edinburgh, which includes vinyl flooring for bathrooms and kitchens, and carpets for all other rooms, and will save buyers £2,500. This deal is only available on a select range of houses and flats, which include ‘The Taylor’, a two-bedroom apartment for £131,500, and ‘The Ross’, a two-bedroom apartment for £128,500.
Graeme Nicol, managing director of Urban Union, says: “The Pennywell Living development has a wide range of properties available for young couples, families and downsizers alike – and now is a great time to take advantage of this incredible saving.
“Potential buyers can also take advantage of Help to Buy, which is still available at Pennywell Living. Buyers can save thousands on the price of a new home thanks to the Scottish Government backed initiative which is still available with small- to medium-sized developers.”
Price: From £128,500
Find out more at www.pennywellliving.co.uk ; 0141 420 4449