The Scottish housing market : past, present and prospects

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