Glasgow is struggling in comparison with Edinburgh in relation to creating new housing inventory, evaluation of presidency statistics from property company DJ Alexander has discovered.
Between 2023/24 Edinburgh had the best variety of all sector new builds at 1,890, which is 12.5% of the entire.
Glasgow metropolis, nonetheless, solely had 440 newbuild begins which is simply 2.9% of the entire and the bottom annual determine ever since this information started being collated in 1996.
If you happen to add collectively the areas surrounding Edinburgh to incorporate Fife, Midlothian, West Lothian and East Lothian, 38.9% of all newbuild begins in Scotland are occurring in and across the capital.
David Alexander, chief govt officer of DJ Alexander Scotland, stated: “We can not have a housing sector which is targeted on one a part of Scotland on the expense of the remainder of the nation. We want housing throughout all areas to satisfy demand now and sooner or later.
“Edinburgh and the encompassing areas at the moment are taking on a rising quantity of newbuild exercise, and, in the long run, this can’t be wholesome for the broader Scottish housing market. We want a broad vary of exercise over a wider geographic space to make sure that demand is being met wherever it arises.”
New construct throughout Scotland fell from 16,582 in 2023/24 to fifteen,104 in 2024/25, which is the bottom 12-month determine since 2012/13.
To place this into context, these numbers are 4,327 and 5,838 decrease respectively than the pandemic years of 2020/21 and 2021/22.
Alexander added: “If provide stays subdued on the present stage, then there can solely be one end result which is larger demand resulting in a lot better value rises because the market struggles to provide sufficient properties for Scotland’s present and future inhabitants.
“The personal rented sector has by no means skilled the present stage of demand. We frequently have unprecedented numbers of individuals making use of for properties with out sufficient provide to satisfy the variety of tenants.
“On condition that the amount of social housing is already unable to satisfy the present demand for properties, with a whole bunch of hundreds on ready lists, and tens of hundreds homeless and in non permanent lodging, there’s the very actual risk that these figures spotlight simply how a lot worse an already troublesome market goes to get.”
