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.”

Join our mailing list:

Leave a comment



Our Next Event

Buy-to-Let Roadshow April 2017

Buy-to-Let Roadshow April 2017

Crewe - 18/04/2017

Northampton - 19/04/2017

Essex - 20/04/2017

Brighton - 21/04/2017

Register now

Latest Comments

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

view article
ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

view article
NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

view article
Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

view article
Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

view article
Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

view article
Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

view article
James Powell
James Powell 27 Feb 2017

This is a very good news.

view article
DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

view article
Matt
Matt 20 Feb 2017

Is this fake news?

view article
Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

view article
CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

view article

Related stories

More articles from Property

Buy-to-Let Roadshow
April 2017

18th-21st April

4 days
7 specialists
4 locations
Free to attend

Click here to register now