Housebuilder plans to acquire more Scottish sites

Douglas McLeod

BARRATT Developments Scotland has announced it has acquired 16 new sites for development.

During the first nine months of the year, Barratt Developments Scotland, which includes Barratt Homes and David Wilson Homes, acquired sites from Inverness in the north down to the central belt. The housebuilder said the 16 new sites will provide 2,644 new homes.

Looking ahead to the remainder of 2019, Barratt said it plans to acquire another four sites in Scotland, resulting in a further 1,165 new homes.

Barratt Scotland completed 1,862 homes across the country over the last financial year – a 7.6% increase on the previous 12 months.

Douglas McLeod, regional MD for Scotland said, “Despite continued uncertainty surrounding Brexit, both the environment and demand for new-home buying in Scotland remain strong. Availability in sought-after locations is good, interest rates remain low, and house prices are still rising.

“Our site acquisition activity is squarely focused on building attractive homes in popular places which meet current demand for new homes. However, consumers are now more discerning than ever. That’s why we embed place-making in everything do, helping to create great places to live. Earlier this year, for example, we launched our Community Fund initiative donating funds every month to a different local community causes across our three divisions in Scotland.”