This paper examines the recent performance, current state and future prospects of the Scottish housing market. The current Scottish owner occupation level at 54% is on a par with much of the rest of Europe. There is no apparent direct relationship between economic success and high owner occupation levels. Average Scottish house prices over the last 7 years have increased at a rate slightly faster than the Retail Price Index (RPI) but have moved upwards in line with the trend in average earnings.
|Number of pages||21|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - 1 Jun 1994|
- Scottish housing market
- Scottish economy
- home owners
- housing markets