Housing sector “upbeat” despite Brexit pressures

Harry Smith

A Scottish law firm has claimed the nation’s housebuilding sector is “performing well” despite the uncertainties surrounding Brexit.

Gillespie Macandrew revealed it has transacted nearly £148 million worth of new build plot sales in the last year.

Acting on behalf of three major housebuilders with developments spanning across the central, east and west of Scotland, Gillespie Macandrew’s housebuilding team was involved in almost 700 plot sales across 27 developments.

Harry Smith, head of housebuilder and construction at the firm said, “The Scottish housebuilding sector is continuing to remain upbeat, despite uncertainties stemming from Brexit. The demand is there for house buyers looking to get on the first rung of the property ladder; take the next step in to owning a bigger home or even downsize. Investors too are keen to strengthen their property portfolios with buy-to-let investments.

“However, demand is greater than supply which is why Ministers need to take stock and tackle Scotland’s chronic housing shortage.”