Publication

Residential Development in Glasgow and the Surrounding Areas

An active residential development market has seen an increase in both starts and completions

Summary

■ The residential development market in Glasgow and the surrounding areas has continued to be very active as confidence continues to return to both developers and consumers.

■ The city of Glasgow has witnessed a particularly strong resurgence in development. The number of private sector starts in the year to September 2015, the latest figures available, were more than double the previous year at 645. Similarly, the number of completions increased by 137% annually to 944.

■ The discord between completions and starts within the city of Glasgow reflects the role of large developments such as the Commonwealth Village, which has provided much needed and well received new supply for the city. However, the majority of these sites have now been fully developed, and going forward the city will need to maintain new housing supply.

■ The majority of local authorities surrounding Glasgow have witnessed reasonable growth in both starts and completions, yet remain below peak levels of development.

■ East Dunbartonshire and East Renfrewshire are the exceptions, where in the year to September 2015 starts exceeded peak by 39% and 169% respectively. Within East Dunbartonshire, both starts and completions have reduced year on year.

Glasgow and surrounding areas

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