| Comment | Housing bubbles are normally characterised by lots of speculative investment and empty properties, separate from actual housing demand. In Glasgow's case, this is purely a lack of supply to meet housing demand in a city with a strong employment sector and lots of inward investment. You say yourself there's an acute shortage of rentals, which is the opposite of a bubble.
Prices will wibble about a bit dependent on interest rates and other economic issues, but it's definitely not a bubble, and you'll be waiting a long time for it to pop if you think it is. |
|---|