BCIS: Scottish housing construction prices fall
Reading time: 1 minute
Tender prices for social housing in Scotland fell 4.4% in 1Q 2023, compared with 4Q 2022 but were still well above the price levels in the same quarter a year earlier (up 3.4%, compared with 1Q 2022), according to the Building Cost Information Service (BCIS).
This reflects a fall in demand – housing construction output in Scotland fell 14% in 1Q 2023 and social sector housing starts in Scotland were down 40% in 4Q 2022 (the latest period for which figures were available).
Housing output in Great Britain, as a whole, fell 4.3% in 1Q 2023 to much the same level as it was in 1Q 2022.
The Scottish Social Housing Tender Price index is based on comparing the prices for the construction of houses in current schemes with our cost models of different types of dwellings, adjusted for specification and design differences.
The index is prepared by BCIS for Scottish Government and More Homes Division.
Share this article:
Subscribe to our newsletter to not miss articles like this one:
SUBSCRIBE
