Latest Scottish housing statistics ‘confirm major crisis’
Published: 02 June, 2012
SCOTLAND: Commenting on the latest housing statistics, published recently by Scotland’s chief statistician, Scottish Building Federation chief executive, Michael Levack, said: “These figures provide confirmation of a further slowdown in private-sector house building for the full year 2011. The number of privately funded new homes completed each year in Scotland has now plummeted by 54% in the past five years.
"Meanwhile, the number of publicly funded new homes completed annually fell by 9% in 2010 and by a further 8% in 2011. That provides clear evidence that cuts to public capital investment are beginning to bite – and the prognosis must be that, without action to reverse planned spending cuts, the number of public-sector new homes will continue to drop over the coming years.
“Across all sectors, the number of new homes completed last year dropped by almost 1800 units or 10%. New-home completions are now down a staggering 39% on where they were in 2007. We’re facing nothing short of a major crisis in Scottish house building and the supply of new homes.
"As a pivotal sector of the Scottish construction industry, efforts need to be redoubled to pump additional public investment into house building and to unlock the finance and rebuild the confidence needed to lift private-sector house building off its knees. Only then will the Scottish construction industry be able to start rebuilding the capacity we have lost and looking forward to a brighter future,” added Mr Levack.