20 July 2006

Stevenson Comments On Latest House-Price Figures

Banff & Buchan MSP Stewart Stevenson has commented on the latest Scottish House Price Index – Second Quarter 2006 released today by Bank of Scotland.

The figures show that house prices in the Peterhead area recorded the third largest increase in Scotland in the 12 months to June 2006 – 32% - and the fourth largest in the UK.

Commenting on the figures, Mr Stevenson said:

“Obviously, of immediate concern will be the impact that these price rises will have on first-time buyers and their ability to get their feet on the property ladder. That is why the SNP has proposed introducing a first-time buyers' grant of £2000 for every first-time buyer to help with buying their first home.

“The figures locally suggest a buoyant housing market which is indicative of the confidence in the local area and local economy felt by many of these housebuyers.

“However, there is also a severe lack of homes to rent at affordable prices, throughout the North-east. As well as action to assist first-time buyers, we need to take steps to boost the number of homes available at affordable rents.”

Stewart Stevenson
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