Sunday, October 17, 2010

From the paper of good news only

Scottish housebuilding 'may never recover from crisis'

THE Scottish housebuilding industry is at risk of never recovering from its current state of crisis, the chairman of trade body Homes For Scotland has warned.

Posted by sosoon @ 09:15 AM (1085 views)
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5 thoughts on “From the paper of good news only

  • Don’t understand this. There is a shortage of decent homes to rent where I live, in Fife. There’s only a few places where they seem to be building and that’s only in recent years. No doubt being a housebuilder was a licence to print money a few years ago.

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  • the problem lies with the business model,not,as you say, demand for property.

    There is always demand for property to buy…its the supply of the money that has tightened.

    building companies have BORROWED vast amounts of debt to buy land which is OVERPRICED BY 50%

    They can neither afford to sell the properties nor rent them out without going bust.

    The building industry in scotland will recover when prices fall and new companies buy the land then sell the properties for a profit in a ‘normal market’

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  • Looks like they want their cake and they still want to eat it.

    Problem will be solved when house prices become attractive / affordable to first time buyers.

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  • Well, as an Englishman that’s just put up with 13 years of being governed by Jocks, I for one hesitate to shed a tear for the Scottish housebuilding industry.

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  • Well said alan_540. Most of the economic problems we have now were caused by the Jockanese so I am calling for Hadrians Wall 2 to be built with minefields, barbed wire and all the soldiers now employed in Afghanistan to guard it. The actual wall could be built by all the small firms that they’re worried about. Two problems solved in one. Sorted.

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