AS Scotland and England get set to face each other on the football pitch this Friday, new research has compared how the two fare in new build property price growth.
The study, from Warwick Estates, looked at how the two countries line up when it comes to their 16 strongest performers for price growths.
The findings revealed that in Scotland, where yearly price growth sits at 1.9%, the average new build price currently sits at £223,069. Whereas in England, the price stands at £323,339 following a yearly growth of 3%.
Delving more into the ‘team sheets’, Warwick Estates revealed the best performing area in Scotland is East Ayrshire, where the average new build house price is currently £153,721 having increased 12.3% annually. Next comes South Ayrshire with an average price of £210,296 after 11.7% growth in the last year, and then Perth and Kinross where new build house prices are up 11.2%. Glasgow stands at 10.5%; South Lanarkshire 10.3%; the Shetland Islands 10%; Fife 10%; Dumfries and Galloway 9.9%; Moray 9.9%; and Renfrewshire 9.9%.
England’s strongest new build market is Liverpool where new build house prices are up 18.9% annually with the average new build now valued at £210,612. The Derbyshire Dales has seen the second strongest rate of annual new build price growth at 17.9%, while Brent in North West London comes third with a 16.2% increase.
COO of Warwick Estates, Emma Power, commented, “The new-build markets in both Scotland and England is full of up and coming talent, emerging from some of the least expected regions. The East Midlands, for example, provides six of the top 16 English new-build markets where annual price growth is concerned, with the North West also accounting for an impressive seven. You can’t write off the Scottish market though, with some equally strong performances being seen across the new-build market making the nation an attractive proposition for developers and investors alike.”