25th January 2017

MIXED MESSAGES FROM THE HOUSING MARKET

I was interested to read analysis of the housing market by Lloyds Bank showing that the number of home movers in 2016 fell by 4%.  To put the housing market in prospective the figure for 2016 still remains half of the figure reported in 2006 and I think shows the need for continued government support for the housing market.  Interestingly there was also a report from the National Association of Estate Agents advising that they reported an increase in the number of first time buyers in December 2016, reaching the highest figure since December 2001.  This is a positive statement, however, it does go against the trends I am actually picking up from the coal face.  I continue to urge the Scottish Government to support the housing market by using all means to increase the supply of the properties becoming available on the market and also increasing and continuing support for first time buyers.  I will continue to monitor and report on these trends.

Lindsay Darroch
Partner – Head of Property 
@LindsayDarroch
www.blackadders.co.uk

 

 

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