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Economic discussion paper Scottish housing market review evidence and analysis 2007 [electronic resource]

By: Language: English Publication details: Edinburgh Scottish Executive 2007ISBN:
  • 9780755966592
Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Presents data on recent market trends and affordability. Analyses supply and demand, particularly the role of changes in the credit market and the responsiveness of the housing market to higher prices. Although the market showed greater responsiveness in 2004, signs are that this advantage is deteriorating. The high proportion of new build is also faltering, with house prices 72% higher in 2006 than in 2002 and new build increasing by only 2%. The increase in prices has therefore not been met by a similar rise in housing stock. 30% of working households in Edinburgh cannot afford the cheapest properties.
Holdings
Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 138609-1001

Presents data on recent market trends and affordability. Analyses supply and demand, particularly the role of changes in the credit market and the responsiveness of the housing market to higher prices. Although the market showed greater responsiveness in 2004, signs are that this advantage is deteriorating. The high proportion of new build is also faltering, with house prices 72% higher in 2006 than in 2002 and new build increasing by only 2%. The increase in prices has therefore not been met by a similar rise in housing stock. 30% of working households in Edinburgh cannot afford the cheapest properties.