27th September 2012

£40 Million Set Aside for Affordable Housing in 2013/2014 Scottish Budget

I was pleased that John Swinney has announced £40m for affordable housing to be spent as part of the Scottish Budget for 2013/14.  This money is to be used to support the construction industry and inject growth into the economy by way of investment in affordable housing.  I think this is a welcome announcement and, coupled with the Scottish Government’s help for first time buyers, shows the importance that all Governments are placing on the construction industry to the economy and recognises the immediate economic and social benefits in building more affordable homes.  I do think in particular that the Scottish and UK Governments should do more to help first time buyers because, until they get first time buyers moving into the market in stronger numbers, neither the property market nor the construction industry will fully stabilise.   As I have said before, I am concerned that the rental sector is overheating with an increasing demand causing rents to rise rapidly.

More on this later.

Lindsay Darroch
Partner & Head of Property

 

 

The opinions expressed in this blog are of the author only and do not necessarily represent the opinions of Blackadders LLP.

Blackadders takes all reasonable steps to ensure that the content of this blog is accurate and up to date. The blog is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Blog users should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this blog. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.

Copyright

Blackadders owns the copyright in this blog and all material contained on it. The material on this blog may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.

Privacy Statement

Information passed to us via this blog is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.

© Blackadders LLP 2020

Members of the Law Society of Scotland.

Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.

Back to Blackadders' Property Blog: Covering Aberdeen, Dundee, Edinburgh, Glasgow, Perth, Angus and beyond