Tuesday, January 26, 2021
Real EstateUK

Property UK developer launches development of private homes

Property UK developer

Stewart Milne Homes has invested £15m into the new homes and reporting a strong sales performance

A property UK developer has launched its first new development of private homes in Aberdeen.

Leathan Green in Portlethen, a new community comprising of 55 homes has already seen sales starting to take place.

Stewart Milne Homes have invested £15m into the new homes as well as reporting a strong sales performance since emerging from lockdown.

Leathan Green, which sits on the edge of Portlethen close to the Aberdeen Western Peripheral Route, will comprise 44 three and four-bedroom detached family homes with 11 affordable homes and apartments set within a carefully laid-out neighbourhood with tree-lined streets and landscaped gardens.

An adventure play park and new cycle paths will form part of the new neighbourhood.

Group chief executive, Stuart MacGregor, said: We’ve seen a surge in sales activity in the last four months and have a very strong forward sales position going into 2021. Although the Aberdeen market has been more challenging in recent years, our sales are significantly ahead of the same period last year.

There continues to be a strong demand for quality homes in desirable locations and we are seeing a particularly high demand  in locations such as Alford and Stonehaven, where a strong sense of community and the ability to enjoy more space and access to countryside have become a higher priority than commuting distance for buyers, he said.

Mr MacGregor welcomed the return in demand in the Aberdeenshire market evidenced by recent sales across the region.

He said: The market is not without its challenges but we’ve been responding to these by spending the last nine months refining and developing our design standards and products to ensure that our award-winning developments are even more appealing to customers.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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