100,000 homes required
Homes body welcomes Labour’s cash but demands more building
Scottish Labour Party has pledged a £3,000 savings boost for first time buyers as a way of helping those struggling to find the required deposit.
Philip Hogg, chief executive of industry body Homes for Scotland described the plan as a “positive signal” towards tackling the housing crisis.
“We therefore welcome Kezia Dugdale’s comment that home ownership should be open to all who work for it,” he said.
“But whilst this may provide a much-needed boost for first time buyers looking to get onto the housing ladder, the fact remains that the number of new homes being built is still 40% down on 2007 levels.
“We are simply not building enough to house our growing population so any savings initiatives must be matched by those which stimulate production such as the popular Help to Buy (Scotland) scheme. This is essential if we are to meet increasing demand and provide the range of quality options required.
“That is why we are calling on the next Scottish Government to manage a return to pre-recession levels of building which would mean at least 100,000 new homes by the end of the next parliamentary term.”