JLL Residential Research

Feb 17, 2016


‘JLL Residential has issued this month their latest research, Rising to the Challenge. The key messages from this report for Scotland are –

  • Insufficient homes are being built, the latest figures suggest development volumes are plateauing at best – in the year to Q2 2015, a total of 15,260 homes were completed, 11,550 of which were private. Both these totals were marginally below the figures from a year earlier.
  • The Government has pumped £500m of support into Scottish housebuilding (all tenures) but the latest housebuilding totals are below the 5 year average to 2007/8 of 21,170 homes a year. The Government’s current recommended target of 23,000 a year and the previous target of 36,000 homes a year.
  • The Scottish economy looks set for a steady but unspectacular expansion in the medium term (2% pa GDP growth 2015-2020).
  • The Edinburgh economy is set to outgrow the rest of the country (2.4% up to 2020) and Glasgow to increase by 2.2% in the same period. During this time Scottish employment is forecast to increase by 0.7% (18,000 period).
  • Between now and 2020, the number of households in Scotland is forecast to rise by circa. 74,000  - almost 15,000 extra households per year.

The Commission on Housing and Wellbeing recommend that 23,000 homes a year are built until 2020 across Scotland. This takes account of demolitions and backlog from recent years. Presently on average 15,000 new homes are being completed per year.’ 

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