Barratt Developments has reported a 75% drop in annual profits and a double-digit decline in home completions after a “challenging” year for the housebuilder.
The projected cost of building new flats on a derelict site in Dundee has more than doubled from original estimates to soar past £10 million, a council committee heard this week.
Local construction firm MacInnes Bros Ltd has been appointed after Highlands and Islands Enterprise (HIE) confirmed the final £2.1 million grant award as part of the funding package for phase two of Cnoc Soilleir.
Housing bodies have welcomed the 2024-25 Programme for Government (PfG) for acknowledging the reality of the country’s housing emergency but the Scottish Government has been criticised for failing to make up for delays to funding for new homes.