The changing face of the Scottish housing market
As we approach the Queen’s Diamond Jubilee, new research by Bank of Scotland has looked at the key developments in the Scottish housing market since the Queen’s coronation. The analysis starts a year before the coronation of Queen Elizabeth II at a time when the country was recovering from World War II and some rationing was still in place.
Nitesh Patel, housing economist at Bank of Scotland, said:
"The Scottish housing market has undergone some extraordinary changes since the Queen’s coronation, reflecting the changing way we live our lives. Today, the typical household in Scotland is very different following the substantial shift towards owner-occupation with the majority of households now living in their own homes rather than renting."