CML reviews housing in Scotland compared to rest of UK
Latest news release from the Council of Mortgage Lenders (CML) published 30th May 2017 headlined ‘Housing in Scotland: a key political issue’
CML looks at how the market in Scotland compares to the rest of the UK, and reviews different housing practices and policies operating north of the border.
Scotland is the second largest housing market in the UK, accounting for around 30% of the UK’s land mass and accommodating around 10% of its population. CML reviews how the Scottish market compares to the rest of the UK, looking at how it has fared in recent years and the range of different housing practices and policies operating in the country.
The Scottish housing market has roughly mirrored the UK overall. There have been two particularly pronounced boom-and-bust cycles in the late 1980s and early 1990s and, more recently, during the financial crisis in 2008/2009, in which after a period of rapid house price growth there was a subsequent fall, with transaction volumes falling, too.
Read the CML news release ‘Housing in Scotland: a key political issue’ (author Caroline Offord) in full click here.