The headlines claim that the Edinburgh property market in particular remains healthy. Certainly, there are people queuing to buy some of the more desirable houses in the Capital. But scratch beneath the surface and a different story emerges. There’s a shortage of first time buyers – and even a reluctance on the part of some younger professionals to contemplate buying a home, preferring to rent so they can quickly and easily follow the jobs around the country or even around the world.
Richard Loudon of solicitors Simpson & Marwick has been following developments in the property sector for over 30 years. He shared some of that experience with members of the Power Lunch Club and afterwards told the Caledonian Mercury why, amongst other things, he despises Home Reports: