NEW figures published by Scotland’s chief statistician revealed there were 21,952 all-sector new build homes completed in Scotland in the year to end September 2023 – a drop of 6% (1,355 homes) on the 23,307 completions in the previous year.
Decreases were seen in private-led new build completions (3% or 491 homes) and local authority new builds by 44% (or 1,241 homes) whilst housing association new build completions increased (9% or 377 homes).
The number of new build homes started across all sectors decreased by 24% (5,260 homes), with 16,274 starts in the year to end September 2023. This was down from 21,534 starts in the previous year to end September 2022, and the lowest annual figure to end September since 2014.
Private-led new build starts decreased by 19% (3,017 homes), housing association new build starts decreased by 34% (1,099 homes) and local authority new build starts decreased by 50% (1,144 homes).
Separate quarterly statistics on the Affordable Housing Supply programme show there were a total of 2,351 affordable homes completed in Q3, 2023. This brings the total number of affordable homes completed in the 12 months to end September 2023 to 10,582, an increase of 9% (877 homes) on the 9,705 homes completed in the previous year, and the highest annual year to date completions figure since the start of the series in 2000.
There was a decrease in the number of affordable homes completed for social rent by 2% (196 homes) whilst increases in other affordable rent by 47% (481 homes), and affordable home ownership completions by 80% (592 homes).
There were 1,153 affordable homes approved in the latest quarter, bringing the total number of affordable homes approved in the 12 months to end September 2023 to 6,178, a decrease of 14% (981 homes) on the 7,159 homes approved in the previous year, and the lowest annual figure to end September since 2013.
There were decreases in the latest year to end September 2023 in the number of approvals for social rent (by 18%, or 985 homes) and for other affordable rent (by 37%, or 320 homes), although approvals for affordable home ownership increased by 46% (324 homes).
There were 1,341 affordable homes started in the latest quarter July to September 2023, which brings the total number of affordable homes started in the 12 months to end September 2023 to 6,302. This was a decrease of 24% (1,996 homes) on the 8,298 started in the previous year, and the lowest annual figure to end September since 2015.
There was a decrease in the latest year to end September 2023 in the number of starts for social rent (by 29%, or 1,947 homes) and other affordable rent (by 40% or 377 homes), although affordable home ownership increased (by 45% or 328 homes).
