Lewis Flag Donator
Edinburgh has a housing crisis. For buyers, it’s the least affordable city in Scotland while rents have gone up by 42 per cent in just eight years as incomes of lower earners have hardly risen at all. What kind of city will this actually create, asks Professor Cliff Hague.
Professor Hague's article raises some interesting questions...Not least the assertion that 75% of Edinburgh house sales went to overseas buyers. If true, that's sending Edinburgh on a Londonesque trajectory where overseas investors also own most of the new building developments. Airbnb we've discussed previously. Anyone living in the city is only too aware of the impact of unregulated short term letting on the community and the housing stock.