Responding to latest Bank of Scotland research indicating that home affordability has deteriorated for the fourth year in Scotland’s cities, Chief Executive of industry body Homes for Scotland Nicola Barclay (right) said:

“This further deterioration in home affordability, highlighted by an increase of 3% on the average city house price, is a worrying trend for both those looking to purchase in Scotland’s vibrant cities as well as for the industry as a whole.  

“Rents and house prices are continuing to rise as demand outstrips supply, meaning many individuals and families are facing growing pressures and aspirations are being stifled.  With housing production having fallen by 40% since 2007, but the number of households rising, it is vital that we see the bold action and investment needed to provide enough homes of the right types in the right locations to meet the diverse housing needs of our growing population.”