The Scottish housing market: past, present and prospects

Donald JR MacRae, Jacqui Bell, Brian Ashcroft (Editor)

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Abstract

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.
Original languageEnglish
Pages (from-to)39-59
Number of pages21
JournalQuarterly Economic Commentary
Volume19
Issue number4
Publication statusPublished - 1 Jun 1994

Keywords

  • Scottish housing market
  • Scottish economy
  • home owners
  • housing markets

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