As the Scottish economy grows, house prices increase faster than in England and Wales

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© heraldscotland.com

We’ve already seen the linked indicators of increasing health in the Scottish economy in demand for office and industrial space, in business confidence, in increased employment and in increased starting salaries:

‘Staggering’ 175% increase in Edinburgh office take-up is further evidence of booming Scottish economy

As economy grows faster in Scotland than in England, rents for industrial space climb faster here too

Nope, still no recession, Fraser of Allander ‘Institute’: Scottish employment climbs to record high while unemployment and inactivity falls over the quarter.

Scottish businesses showing signs of greater health than those in the rest of the UK

Good news for the Scottish economy again! Big rise in permanent jobs and starting salaries climb in Scotland

Predictably, house prices are starting to rise at a faster rate than in England and Wales too. According to Your Move and reported in the Insider, prices went up 4.6% in the last year, in Scotland, as opposed to only 3.3% in England and Wales. Bear in mind the English figures include the still booming South-East of England.

http://www.insider.co.uk/news/house-price-growth-scotland-outpacing-11007981

 

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14 thoughts on “As the Scottish economy grows, house prices increase faster than in England and Wales

  1. Brian McGowan August 19, 2017 / 4:40 pm

    Prof John (ok to call you that?) Thanks for this. Helps me settle an “argument” with a unionist friend who claims LBTT killed off the housing market in Scotland.
    And now that the Indyref2.scot site is doing a neat forensic analysis of Rep Scotland (like wot you did all those years ago), online media seems all the more focused.

    Like

    • Clydebuilt August 20, 2017 / 12:22 pm

      John

      The Rev. aand (that was a cockney and) The Prof. Two acolytes of the Indy movement. But if you prefer John, then John it is!

      Like

      • johnrobertson834 August 20, 2017 / 6:53 pm

        Why is the Fiscal Studies report piece getting no comments at all?

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  2. johnrobertson834 August 20, 2017 / 6:52 pm

    I liked when Unionist politicians had to call me professor but otherwise its a bit daft innit?

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    • Clydebuilt August 20, 2017 / 8:09 pm

      Dunno there’s a mysticism (in Yes circles) attached to . . . “the Rev. “. Prof’s the same . . . Spouse you’ve got to want to be a mystic.

      No reason for no comments on Ifs report. . . It’s Sunday . . . Chill

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  3. johnrobertson834 August 21, 2017 / 8:04 am

    Spouse? My wife’s in Aberdeen with her sister at the moment, I hope. I will chill but I had to work harder than usual to get those graphs into my blog.

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    • Clydebuilt August 21, 2017 / 12:27 pm

      Right , tell you what, I’ll do a a swop, you consider being a Mystical Yesser, and I’ll comment on the fiscal report.

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  4. Jaggy Bunnett August 21, 2017 / 10:40 am

    Good news for homeowners!!!
    Careful now Professor John, you’re beginning to sound like the dreaded BBC.

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    • johnrobertson834 August 21, 2017 / 7:08 pm

      I know but it’s still evidence of the growing economy I assume the BBC are not trumpeting?

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  5. Contrary August 21, 2017 / 7:31 pm

    Ahh, I see, extra effort was put into the fiscal studies article, so now we have to comment on it? Personally, I’m not feeling very rich, so even though it’s general fiscally good news for Scotland, my own average earnings haven’t increased so I don’t want to comment – I think I’d be more pleased to hear that the pay gap was a lot less here, after all, average wages can increase because of more outrageously overpaid high earners hanging around – which is likely the case in the south of England. A bit like house prices rising – good for the economy but not for me personally. Difficult to keep that positive.

    I think Clydebuilt is being stubborn too, John, you might have to accept some references to being Prof after all – you did earn it, reaching the heady heights of academic work, so, retired or not, you have every right to the title. Whether you WANT it or not is another matter! And I do hope your technical expertise assistant returns soon 🙂 .

    (Spouse=s’pose, but that was a nice bit of word association)

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    • Clydebuilt August 22, 2017 / 8:32 am

      Contrary. . . . Don’t feel I’m being stubborn . . . Absolutely it’s up to John and how (this recognition) sits with him. . . . Just trying to get John to realise he could be “The Prof.” of the Yes movement. . . . . (Earned it through the copious research required daily to produce this blog )

      As a sage from the 1970’s would surely have said . . . ” the Prof. Of the Yes movement is something to be”

      Like

    • Contrary August 22, 2017 / 7:39 pm

      Not at all stubborn, I apologised in the IFS report article for even suggesting such a thing; I had been eagerly awaiting your comment there for at least 3 hours when I made that terrible mistake, meanwhile you’d written an erudite and detailed comment, so I felt suitably chagrined, and even indulged in copious commenting myself, after also realising that my first impression of the article was a bit fleeting and assumption-laden.

      I HAD kind of hoped for a bit back-patting appreciation for making the comments on the IFS article,,, but that’s just my ego demanding attention, and maybe pushing it a bit. Anyway, being stubborn can be a good thing! 🙂

      Like

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