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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AbbieP.
AbbieP. 22 Jul 2016

"While house prices in the most expensive eleven boroughs have declined values in the cheapest eleven boroughs continue to rise" - not a nice way to even out the price range. London is overrated as it

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AbbieP.
AbbieP. 21 Jul 2016

And try to profit from your decisions, I may add

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CommercialTrust
CommercialTrust 19 Jul 2016

Retirement investment has always been one of the biggest draws of buy to let. And the buy-to-let demographic is, on balance, older. (Over a third of our applicants are over 50 at the time of application.) It...

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Forrest Wheatey
Forrest Wheatey 11 Jul 2016

I find the time perfect for ever home-owner wannabe. Prices should slowly, but steadily drop, at least for the inner buyer. Making it harder for outsiders to buy properties (the whole Brexit thing means...

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property guru
property guru 11 Jul 2016

Why should Ajay even have to be looking for it. It should be public knowledge. Why is not just publish each years and to were it is and be AUDITED. Accountability.

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property guru
property guru 11 Jul 2016

Surprise suprise

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CommercialTrust
CommercialTrust 30 Jun 2016

This is great news for buyers and investors in a period of significant uncertainty. The 10-year buy-to-let fix at 3.99% in particular is excellent, a clear 100 bps ahead of the nearest competition. Though...

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Lee
Lee 30 Jun 2016

Let's see what happens to north-east property prices when Nissan announce they're leaving.

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DmitriKara
DmitriKara 29 Jun 2016

I just read another article about eviction rising and this was exactly what was on my mind, Housing has become "cat and mouse"...

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DmitriKara
DmitriKara 29 Jun 2016

I am really not surprised. I've seen one too many impudent tenants and in my humble opinion renters have one too many privileges and options to abuse heir landlord in so many ways...

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DmitriKara
DmitriKara 29 Jun 2016

There is still so much uncertainty and I will surely step back and see what's happening before I could make any decisions on my end.

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ChristinaReedUK
ChristinaReedUK 20 Jun 2016

I don't understand why it's always a war between the two sides. Either, way the landlord is probably keeping a detailed inventory and will see the changes you've made. I just don't understand why there...

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