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Highland's home building boom

The home building in the Highlands reached an all time high in 2007 according to new figures published this week.

The Highland Council said 1,807 new homes were completed last year - a 7 per cent increase on the 2006 figure of 1,688. The statistics come as consultants said an influx of people drawn to the region looking for a new lifestyle would halt any fall in prices.

CKD Galbraith said it had also sold five properties in the Highlands for an average price of £1 million. The council said in 2007 that major housing completions, schemes with five or more homes, accounted for 63 per cent of developments.

The remainder of completions comprised smaller scale developments, which the authority said were a vital element of the housing supply.

Inverness South Ward saw the highest number of houses being built in any one council ward with 489 house completions concentrated at Culduthel Mains Farm/Slackbuie, Wester Inshes, Milton of Leys and Woodside of Culloden.

Earlier this month it was revealed that house prices in the Highlands had risen faster than any other area in Scotland in the past decade. The Bank of Scotland said the cost of a home in the region had more than trebled since 1997 rising by 221 per cent.

This puts it ahead of Edinburgh - where house prices have also trebled - increasing by 201 per cent in the same period.