The latest UK House Price Index (HPI) reveals that the average Scottish property price in February 2019 was £145,762 – a monthly fall of 3.1 per cent and a drop of 0.2 per cent on the same month in 2018; the first annual decrease in average property prices since March 2016.

In the year ending September 2018, there were 18,750 new build homes completed across all sectors, an increase of 635 home (four per cent) on the previous year, according to the recent quarterly data from Scotland’s Chief Statistician. The four per cent rise included rises in housing association completions (35 per cent), local authority completions (eight per cent), and a three per cent fall in private-led completions.