Impact of the referendum on the Scottish property market

Impact of the referendum on the Scottish property market

12:59 PM, 10th January 2014, About 8 years ago 14

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Hi everyone,

Happy New Year.

With the Scottish referendum looming, I wanted to get people’s thoughts on what impact a YES vote may have on the Scottish residential property market.

Should this be an area of concern for investors looking to build a BTL portfolio over the coming years and what considerations should be made when planning?

Many thanks in advance for everyone’s thoughts. Impact of the referendum on the Scottish property market

Andrew



Comments

by Mark Alexander

10:33 AM, 14th January 2014, About 8 years ago

Reply to the comment left by "Andrew H" at "14/01/2014 - 09:59":

I have contacted Judith at SAL and also Carl bayley, the author of you article you are referring to, and invited them to join in this discussion.

Thanks for the 'heads up' 🙂
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by Andrew H

10:39 AM, 14th January 2014, About 8 years ago

Reply to the comment left by "Mark Alexander" at "14/01/2014 - 10:33":

Thanks Mark.

Looking forward to hearing their thoughts.

All the best.

by Scottish Association of Landlords

10:41 AM, 14th January 2014, About 8 years ago

Firstly yes most of the laws around letting are already different to those in England/Wales as Scots law applies here. Additionally housing is a devolved matter so policy has diverged more since the Scottish Parliament was established. Consumer law and financial law plus welfare benefits ((DWP) are the main areas where Westminster rules still apply.

The future? Can SAL get a crystal ball out and use it any better than any other commentators? No probably we can't.

We held a debate on the independence issue and how it might impact on the Scottish PRS at our National Landlord Day conference at the end of 2013. There was a lot of very interesting discussion as you would expect and of course some polarised viewpoints were expressed from the politicians on the stage.

Here at SAL we have always been and will remain politically neutral - we work with all political parties on a policy by policy basis. Thus we do not have and will not take a position on the independence debate.

We invite experts to contribute articles such as the OP mentions being published in our Landlord Focus mag and in our member enews etc. We hope these are of interest to members and readers and spark debate.

Concrete answers to the questions posed on mortgages, the currency etc as specifically related to the PRS in Scotland post September 2014 have not really been given in any forum we're aware of, although the two sides are happy to provide their opinions.

You can read what the SNP have published in their "white paper" on independence here - http://www.scotland.gov.uk/Publications/2013/11/9348/0

The opposition case can be seen here - http://bettertogether.net/pages/the-ve-case

Whatever the outcome, we're confident that the PRS in Scotland will still be here and whatever the political future there will always be new challenges ahead.

SAL will continue to work for our landlord and letting agent members representing their interests with our policymakers. Wherever in Scotland you let property we are here to help you. Please join us and get involved or join us and let us assist you with your lettings.

Mark has a form on this website that you can use to enquire with us.

by Mark Alexander

11:05 AM, 14th January 2014, About 8 years ago

Reply to the comment left by "Scottish Association of Landlords" at "14/01/2014 - 10:41":

Thank you for your comment and the link to the SAL membership enquiry form you referred to is >>> http://www.property118.com/scottish-association-of-landlords-membership/ 🙂
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