| Comment | It's not just Glasgow, or even just Scotland. It's a thing happening all over the western world, mostly in cities but not exclusively.
Read a thing in the FT last week about it. Seems it's not necessarily down to more demand for housing, or people getting bored where they live during the pandemic and looking to upgrade. Or even just pent up demand.
Seems that it's because while loads of people have had a tough time the past year, the people in the upper half of average earnings have tended to be in a great position to save.
So the total number of buyers isn't necessarily much higher than pre-pandemic. It may actually be much lower.
It's just that those who are buying have accumulated a lot more savings this past year, and are trying to outbid each other. |
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