Residential Results News Home depot sells more than 2,000 residential appliances, worth £20 million

Home depot sells more than 2,000 residential appliances, worth £20 million

Home depot has sold more than 1,000 homes in Scotland, the largest residential appliance sale in the UK and a record in Scotland.

The company announced the deal with Glasgow-based Residential Power in the first quarter of 2019.

Home Depot said that by selling homes for less than their fair market value, it would help customers to recover some of the value of their property and save them money.

In Scotland, a buyer must pay a 50 per cent deposit and 20 per cent on the sale price to get the deal.

More than half of the homes sold in Scotland were sold for less-than-their-fair-market-value and the company said that this is the case in every region of Scotland.

Home Depot announced the sale of more than 500 homes in the Edinburgh suburb of Newburn, the third-largest residential appliance deal in the country behind the Stirling-based Home Depot and Glasgow-headquartered Residential Power.

Home depot said that in 2019, the Edinburgh-headquarters of Home Depot sold over 2,300 homes, worth an estimated £20.4 million.

Its sale of homes in Edinburgh will bring the total number of homes sold by the Scottish company in the region to over 6,000.