The positive position for the year to end March 2015 has been driven by an 11% rise in the number of private sector-led completions.
Philip Hogg, Chief Executive of home building industry body Homes for Scotland, commented:
“Whilst these figures represent an overall and welcome move in the right direction to addressing the country’s housing crisis, it should be recognised that this recovery is largely as a result of the current hugely successful Help to Buy (Scotland) scheme.
“In order to maintain this positive momentum, we now need clarity on the qualifying criteria for the recently announced £195m successor to this scheme so that builders can forward plan before the introduction of the new initiative in April 2016.”
