Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
The Scottish government is unlikely to meet its target of delivering 110,000 affordable homes by 2032, according to new research. The Fraser of Allander Institute (FAI) has identified workforce shortages and rising material costs as key factors putting pressure on housebuilding and making the target increasingly difficult to achieve.
The research highlights ongoing challenges in the Scottish housing sector, with particular relevance for letting agents and inventory clerks monitoring supply and demand in the rental market. The shortfall in affordable housing delivery could impact the availability of rental properties and influence market dynamics across Scotland.
The findings come at a time when the construction industry is facing significant pressures, which may affect the pace of new affordable housing developments. Letting agents and inventory professionals are advised to stay informed about these trends, as they may have implications for property management and tenant demand in the coming years.
Source: Property118