Homes warning
While many homeowners may welcome an apparent boost to their property value, they may find it increasingly difficult to realise any benefit.
Taken alongside stagnating wages, increasing unemployment and a collapse in house-building, house price rises are an indication of housing scarcity, not recovery.
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Hide AdLow interest rates and lender forbearance are temporary measures. Without proper leadership Scotland and Britain will sleepwalk into a second wave of repossessions and evictions and sow the seeds of the next boom and bust cycle.
GRAEME BROWN
Director, Shelter Scotland
South Charlotte Street
Edinburgh