An Inverness housing developer has pledged to invest £20million in and around the Highland capital this year.
Tulloch Homes has lodged plans for building 40 new homes as the latest phase of a development in North Kessock.
The company, which is celebrating its 90th anniversary, also has a number of other schemes being built or in development around Inverness – and say the housing market is the strongest it has been since 2008.
The latest application is for 40 homes at Bellfield Meadows in North Kessock and is the seventh phase of building on the site.
Tulloch chief executive George Fraser said:”This year we’ll be building houses at just under £500,000 in Inverness plus homes at £107,000 – so we’re pacesetters at each end of the market.
“We’re investing in new phases at various developments on either side of the Kessock Bridge to meet homebuyer demand which is at its strongest in the area since the financial downturn in 2008.
“The new application is for 40 homes at phase seven at Bellfield Meadows, North Kessock, which has been a very popular location.
“The Bay, our executive development there, now has homes from £325,000 to £495,000, the latter for a top range five bedroom detached villa with double garage.”
At the opposite end of the market Tulloch are planning to make use of the Scottish Government’s Help to Buy scheme by building a number of one bedroom apartments at Morningside in Slackbuie which will be made available with a five per cent deposit and a mortgage of less than £280 per month.
Mr Fraser said: “That’s a highly innovative way of Tulloch really helping first time buyers,” adding that Help to Buy will be a major assistance to the north market.
The company have also begun work on new phases of work on developments at Chanonry Park in Fortrose and at Braes of Conon in Conon Bridge.
Meanwhile their Greenfields site in Inverness, which has been developing for a decade has sold out, while only two flats remain available at Monarch’s View in Milton of Leys.
Mr Fraser said:”Our key intention going forward to replenish our land bank in Inverness so as to ensure we can meet demand by building in and around the city for many years to come.
“This includes land already zoned for some 800 houses at Ness Side, where we have been in close liaison with the planning authority for some time and where the consultation process is now underway.”
