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News Release

Scotland

JLL reaction to Scottish Government's new shared equity scheme


Scotland, 2 September 2015

Commenting on the Scottish Government's new shared equity scheme, Jason Hogg, Director of Residential and Development Land for JLL in Scotland said:

"The introduction of new shared equity scheme is a welcome relief after the vacuum left by the end of Help to Buy in Scotland. However, without any further details regarding the eligibility or operation of the scheme, we're still facing another three months of stagnation.  Secondly, we question whether the sum of funding - £195M – spread over three years is really enough to satisfy demand. Based on the Scottish Government's previous Help to Buy budget of £100M for volume housebuilders which only lasted six weeks, we would have to say it's nowhere near enough."