The publication of figures showing strong growth in Scotland’s property sector has again shown that claims from the No campaign that holding Scotland’s referendum would create economic uncertainty were baseless, the SNP has said.
Despite claims from anti-independence politicians that holding the referendum would cause dire economic consequences, the latest figures show significant growth in the Scottish property market between 2012/13 and 2013/14.
The cash value of residential sales in Scotland rose by 22.2% from £11.3 billion to £13.8 billion, with the volume of sales increasing by 19.8%. Meanwhile the cash value of commercial property sales increased by 59.1%, from £1.6 billion to almost £2.6 billion over the same period.
As the strength of the Scottish property market increases the Scottish Government is investing £275 million in the Help to Buy scheme, assisting people into the property market and supporting Scotland’s housing industry.
Commenting, SNP MSP Kenneth Gibson said:
“These latest figures showing strong growth in Scotland’s property market has again shown the dire warnings from the No campaign to be absolute nonsense.
“While the No campaign predicted uncertainty and a lack of economic investment in the run-up to the referendum, the reality is that Scotland’s property market has experienced strong growth.
“Anti-independence politicians have clearly shown that they cannot be trusted to be honest on Scotland’s economy before the referendum, so why would anyone give any credibility to their dire and dismal pronouncements on an independent Scotland’s economy?
“We recognise just how important every part of our housing sector is to Scotland’s economy and to the individual households that Scottish Government action helps.
“That is why the SNP Government has invested £275 million in the Help to Buy scheme and is on target to deliver 30,000 new affordable homes – helping people into good quality new homes and supporting jobs in the housing sector.
“Where the No campaign is happy simply to peddle baseless scare stories when it comes to housing in Scotland, we are delivering progress and will be able to achieve even more after a Yes vote in September.”