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Plans To Prop Up House Prices In Scotland

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http://breakingnews.heraldscotland.com/breaking-news/?mode=article&site=hs&id=N0713571297606218109A

First-time buyers could benefit from a £16 million package of investment announced by the Scottish Government.

The money, first unveiled as part of the budget last week, is aimed at helping people to buy property and to kick-start construction on new housing.

About £10 million from the total will be invested in a loan fund which the Government says will help unblock projects, accelerating construction of up to 2,500 houses.

A shared equity scheme will be given £3 million to help people on low to moderate incomes in rural areas get into the property market.

The final £3 million will go to a further equity programme designed with housebuilders to help families on low incomes buy new homes.

Housing Minister Alex Neil said: "A healthy housing sector is a critical part of economic recovery. These funds will support creative and innovative schemes aimed at invigorating the housing industry across the country, which will increase choice and opportunities for those looking for a home.

"It will also help to safeguard jobs in Scotland's hard-pressed housebuilding industry."

The Conservatives argued for the extra money during negotiations with Finance Secretary John Swinney in the run up to the Scottish budget announcement on Wednesday.

Tory finance spokesman Derek Brownlee said: "The additional funding will not only allow many families to get on the housing ladder, it will provide a timely boost to the construction industry and create and protect these thousands of jobs.

"The challenge of tackling Labour's debt legacy is to create jobs in and subsequently grow the private sector. This money will go some way to doing that, as well as helping first-time buyers and allowing developers to get on with delivering the additional housing Scotland needs."

Who to vote for in the May elections?

SNP whose housing minister thinks a 'healthy housing sector' means using our money to prop up inflated house prices

Conservatives who boast about their role in getting Swinney to put in extra money to prop up the housing bubble

Labour who created the bubble in the first place

:angry:

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A shared equity scheme will be given £3 million to help people on low to moderate incomes in rural areas get into the property market.

The final £3 million will go to a further equity programme designed with housebuilders to help families on low incomes buy new homes.

The ponzi scheme continues... Nice to see were are learning from this credit crisis at least - by digging the hole even deeper.

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so how will that increase Scotland's conpetitiveness as a european economy, when its housing costs and taxes end up higher than London, Paris, Frankfurt, Manchester, Lyon, Brussels, Amsterdam?

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The only reason the house builders are hard-pressed is that they won't (can't) sell at market prices.

Last thing we need is some more tax payers money put in to propping up a market that can't support itself.

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so how will that increase Scotland's conpetitiveness as a european economy, when its housing costs and taxes end up higher than London, Paris, Frankfurt, Manchester, Lyon, Brussels, Amsterdam?

From my observations, the Scottish obsession with high house prices has now turned into religion.

Earlier on I watched the Scottish housing minister on BBC1... They also interviewed lots of VIs (mainly ESPC). For 15 mins they talked about the difficult market, but no one mentioned droping the prices to cure the market.

The SNP housing minister was outraged that banks are now asking 10% deposit - how dare they!!!!

I thought that all those people were on drugs of some kind.

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This sounds exactly the same as the LINK scheme set up a couple of years ago and was pretty much a disaster. Applications were taking 9 months or more to process and buyers I know who went down that route gave up in frustration because of the obstacles put in their way.

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From my observations, the Scottish obsession with high house prices has now turned into religion.

Earlier on I watched the Scottish housing minister on BBC1... They also interviewed lots of VIs (mainly ESPC). For 15 mins they talked about the difficult market, but no one mentioned droping the prices to cure the market.

The SNP housing minister was outraged that banks are now asking 10% deposit - how dare they!!!!

I thought that all those people were on drugs of some kind.

IMO all these TV shows are designed to keep people paying their debt, by trying to get them to believe that a greater fool might still exist.

If enough existing debtowners decide they don`t want to play any more, the VI`s have an even bigger problem on their hands than just lack of FTBers?

Edited by dances with sheeple

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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