Are homeownership aspirations being stifled?

Are homeownership aspirations being stifled?

New research has highlighted that two fifths of Scottish non-homeowners do not believe that they will ever be able to own their own home.

The home building industry is now warning that the aspirations of many individuals and families across the country are being stifled.

Trade body Homes for Scotland pointed to official Scottish Government data showing that the majority of people living in Scotland desire to own their own home.  

Scotland has experienced a 6% fall in homeownership between 2009 and 2014, which Homes for Scotland has attributed to the dramatic decline in home building and the difficulties many people have encountered in getting large mortgage deposits together.


As the building of new homes remains 40% down on 2007 levels, HFS Chief Executive Nicola Barclay emphasised the industry was doing all it could to step up production, but that more government action was needed to ensure that Scotland’s housing meets the diverse needs of all those living here.

She said:

“Whilst it is encouraging that the Bank of Scotland report reveals that younger generations are more optimistic about buying a home, the reality of the situation is that affordability continues to impact on this most fundamental of ambitions. It is therefore crucial that we see a significant increase in the production of all-tenure home building. This is the only way to tackle house price inflation and would also alleviate pressure on other sectors.

“That is why we are calling on the next Scottish Government to manage a return to pre-recession levels of home building which would mean at least 100,000 new homes by the end of the next parliamentary term.  With details of the next phase of the successful Help to Buy (Scotland) shared equity initiative recently announced, we are hopeful that this could go some way to helping achieve this target and enable more Scots to take steps onto and up the housing ladder. However, the impact of criteria changes and reduced funding for the successor scheme remains to be seen.”

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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