16 March 2021

Home sales surge since New Year exceeds pre-virus level

Tulloch Homes has sold more new homes in the first two months of 2021 than for the same time last year, before the pandemic arrived.

The surge is being partially triggered by “people rethinking their lives” due to the virus.

The Maples at Ness Side, Inverness, has seen 15 sales since New Year, taking the total to 28 – while the recent first release of seven homes at the new Glascairn Meadows development at Culbokie sold out inside seven days.

In addition, monitoring of online interest in Tulloch Homes shows a remarkable 41 per cent increase on the same period last year. With over 40 sales so far this year, the company is building on strong performance in the second half of 2020.

Chief executive George Fraser said: “We’re handling a massive amount of enquiries, and our various teams are buzzing as a result.

“Despite the post-Christmas lockdown, January and February sales surpassed the figure for those months last year. People are certainly keen to move and hopefully it’s a positive indicator for the Inverness economy going forward.”

He added: "It’s encouraging to see the sales surge at our flagship development at The Maples, an £80 million investment to roll out 800 homes over the next 12 years, close to the city centre yet also close to recreation and leisure options.

“We began assembling the land package for Ness Side back in 1999, so it’s been a long journey but it is pivotal in our forward strategy and will fill a key market need.”

Alison Macleod, sales consultant at The Maples, said: "Three, four and five bedroom homes being snapped up, mostly by local people. Quite apart from the special location, people are rethinking their lives in lockdown and looking at what they want for the future.

“Some now feel that working from home is the way ahead for them, which means office space in a bigger property. Others have taken stock and decided to settle down together.”

Maria Wilson, sales consultant at Glascairn Meadows, Culbokie, said: "To sell our first release in a week, when the houses are not yet built, is phenomenal. The buyers are a mix of Highland and Central Belt families, plus one from England. The Black Isle setting and the all-bungalows development have combined to cause the rush.”

Tulloch celebrates its 96th anniversary this year.

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