Muir Homes sells out all new properties until Spring 2022
Fife-based housebuilder Muir Homes has achieved a successful off-plan sales by selling out until next Spring across Scotland.
Housing revenues for Muir Homes reached £26.5 million despite the lockdown period affecting the ability to complete and hand over new homes.
Muir Homes has seven sites across the country in Aberdeenshire, Perthshire and West of Scotland. The trend for moving out of the city for more space and access to private spaces such as gardens and balconies has resulted in buoyant off-plan sales for the property developer.
In Aberdeenshire, properties include Sovereign Gate a few minutes from the centre of Peterhead. Other popular developments include: The Grange at Laurencekirk as well as exclusive developments at Newton of Charleston, Aberdeen and Riverside of Blairs in Royal Deeside.
In the West of Scotland Muir Homes has Castlebank House in an elevated position overlooking the Clyde Estuary in Inverclyde. Muir also has a development of spacious homes in Glenboig in North Lanarkshire.
House completion decreased by 68 to 134 in the year, and although restricted in delivering the originally budgeted housing numbers, Muir Homes reported a profit of £586,000.
Properties at three developments in the Aberdeenshire area made up 30% sales. Developments in the West of Scotland contributed 45% of Sales. Average selling prices increased by 5%, despite the job security issues surrounding the Covid-19 pandemic.
Ash Sheikh, sales and marketing director of Muir Homes, said the company had adapted to the lockdown and progressed sales virtually allowing homebuyers to view homes via a 3D videos of the properties.
He added: “We have been able to use our website and social channels to bring the benefits of our developments to life. This coupled with a genuine interest in homes offering more outdoor space with access to large towns and cities, has allowed the uplift in homebuyer interest and the successful off plan sales.
“Our reputation for high quality homes and the fine tuning of our house designs to customer needs has undoubtedly helped us through the difficult trading period. We are working hard to satisfy the interest in our new homes next year.”
Muir Homes aims to create a further 155 houses on sites across the country, with a further 62 houses for Aberdeenshire and 21 for Inverclyde planned.