The Scottish housing market : past, present and prospects

MacRae, Donald JR and Bell, Jacqui (1994) The Scottish housing market : past, present and prospects. Quarterly Economic Commentary, 19 (4). pp. 39-59. ISSN 2046-5378

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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.