Reality gap for first time buyers exposes broken housing system | Glasgow Chamber of Commerce
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Reality gap for first time buyers exposes broken housing system

First time house buyers are paying more than £10,000 over the asking price on average to buy their home, according to new research.

The Scottish House Price Report from S1Homes demonstrates a “broken housing system”, according to Social Enterprise Scotland.

Duncan Thorp of Social Enterprise Scotland said: “Potential first time buyers are being forced to live permanently in the private rented sector - or face rapidly increasing financial barriers.

“This latest report is one of many that points to a broken housing system, one that continues a British obsession with mortgages.

“We can shift towards more realistic social enterprise alternatives, housing co-operatives such as Lister Housing, Edinburgh Student Housing or Drumchapel Housing Co-operatives.

“These models work as a practical and more sustainable alternative to the current crisis.”

Read and share “Social enterprise is the long-term solution to our housing crisis” at: www.socialenterprisescotland.org.uk/news/1327

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