Westpoint Homes has purchased a city centre residential development site with detailed planning permission for 92 units, just one mile south east of Glasgow City Centre at Old Rutherglen Road in the Gorbals area.
Strategic landowner Lands Improvement, owned by Telereal Trillium, has concluded the sale of residential development land to Bellway Homes Scotland Limited, with Savills Development Team representing the vendor.
Plans to create a residential-led development that will transform a 15.5-acre factory site in Edinburgh with new homes, community amenities and access to a new transport hub have moved forward with the acquisition of the plot of land.
The unceasing demand for Scottish development land has driven strong growth in land values and high levels of investor activity over the last quarter, according to a new report from real estate advisor Savills. Indeed, growth in Scotland greenfield values reached 9.3%, the highest level of all UK re
The number of build-to-rent homes completed, under construction or in planning across Scotland rose by 19% in 2021 to 12,793, new analysis has found. The research, which was undertaken by the British Property Federation (BPF) in partnership with Savills, highlighted that the number of build-to-rent
The scale of the challenge facing the UK’s real estate sector in achieving net zero, with particular difficulties facing the residential sector due to its scale and the need to incentivise owner-occupiers to make improvements, has been highlighted in new research by Savills.
Scotland's property prices continue to rise, with the highest increase in house prices recorded in over a decade. The COVID-19 pandemic has caused a property boom, reaching its peak in May, which has led to a 12.1% rise in property prices in Scotland.
Property group Savills has upgraded its 2021 UK house price forecasts, predicting a 3% rise in Scottish house prices in 2021. The firm predicted that average UK house prices will rise by 4% over the year, with a 21.1% growth from 2021-25. Prices in Scotland will increase by 22.8% by 2025, it added.