| Comment | > Also, and this cannot be stressed enough, this is not unique to Glasgow. You go to any big city in the UK and the struggle to get on the housing ladder is a major issue, one that's been exacesrbated by a pandemic but one thats been happening for years.
It's same in most of Europe at the moment. I am from Poland and property market there is completely fucked up by BTL investors, local as well as from abroad. Prices were increasing 30% year by year. Now it took a dive though as Central Bank increased interest rates from 0.25% to 5.5% roughly basically fucking over normal people who managed to buy a property rather than cash investors (95% of mortgages in Poland are with variable rate). Least to say, it is fucked up probably more than here. |
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