Half of Edinburgh homeowners undervalue their homes by more than £28,000

Zoopla reveals the capital’s ‘Hidden Equity’

  • Half of Edinburgh’s homeowners undervalue their home by an average of £28,351
  • Two thirds of homeowners across Edinburgh have lost touch with the value of their home
  • More than half of homeowners in Edinburgh unlocked their ‘hidden equity’ to move to a nicer property

New analysis by Zoopla, the only property portal which offers a free instant online property price estimate, conducted as part of its inaugural Hidden Equity Survey, has found that homeowners in Edinburgh are undervaluing their homes by an average of £28,351.

The Hidden Equity Survey of 2,000 homeowners* who have had their home valued by an estate agent in the past three years establishes for the first time how accurate Edinburgh homeowners’ estimations of the value of their homes really are. It found that just one in three (33%) local homeowners have an accurate idea of the estimated value of their home.

Average home in Edinburgh worth £28,000 more than owners realise

The findings from Zoopla show that almost half of homeowners in Edinburgh (45%) who had their home valued via an estate agent or sold it in the past three years said it was worth more than they thought it was – on average by £28,351.

Bathroom bonus

When asked for their thoughts on why their homes were worth more than expected, two fifths (43%) of homeowners in Edinburgh attributed their good financial fortune to installing a new bathroom. Other popular reasons being given by homeowners in the city for their financial uplift included redecorating (41%) and work on the garden (32%).

Increasingly desired

The practicalities of improving a property aren’t the only reasons for homeowners in Edinburgh to get more for their home than they thought it was worth. Edinburgh becoming an increasingly desirable place to live has also helped to add value to the properties of homeowners, with a third (36%) of homeowners citing desirability of the city for homes being worth more than their owners expected.

The good life

For Edinburgh homeowners who went on to sell their home and benefit from their hidden equity, the financial boost had a significant impact, with the majority (84%) of homeowners saying the additional money ‘improved their lifestyle’. More than half (59%) said they were able to move into a better property than they expected as a result (for example, it had more bedrooms, was in a nicer area, had a garden etc.).

One in ten (12%) homeowners in Edinburgh used their extra cash to go on more holidays and a further one in ten (12%) gifted the money to their children to help their future plans.   

Different decisions

For Edinburgh homeowners who did not know the true value of their home until they got it valued by an estate agent, one in three (34%) said they would have made different financial decisions in the years prior if they had been aware of their hidden equity.

For property owners whose home was worth less than they expected, two fifths (43%) said they would have paid off more of their mortgage. Almost a third (29%) would have worked harder to build their savings rather than assume their home was accruing equity that they could draw on at a later date.

One in ten (14%) of homeowners in Edinburgh said they’d have spent less on non-essential purchases like jewellery, watches or expensive presents.

House prices rising

Zoopla has also revealed the latest House Price Index, which studies multiple local housing trends and prices on an annual basis. The data shows that the average house price in Edinburgh is now £241,000, with prices rising by 2.8% in the last 12 months. The data also shows prices in Edinburgh have increased cumulatively by 24.4% in the past five years.

Gráinne Gilmore, Head of Research at Zoopla, comments: “The direction of house prices has long been a staple of conversation around dinner tables across Edinburgh and many homeowners could be in for a lovely surprise if they have their property valued, according to our research.  

“Because of the impact of the pandemic, many households are re-evaluating how they want to live and this has had an impact on the local housing market. Buyer demand has soared, racing ahead of supply, putting upwards pressure on prices. House price growth in Edinburgh is currently at 2.8% annually.

“Edinburgh homeowners keen to check up on their property’s value should head to Zoopla’s My Home, where they can see an estimated value range for their property and check for potential hidden equity.

“For those keen to progress with a sale and perhaps unlock hidden equity, they can contact an estate agent using My Home to get an expert market valuation and personalised guidance on how to best navigate this busy housing market.”

Staying on top of a property’s value

As a first step, homeowners can check My Home on Zoopla.co.uk, where they can discover their home’s worth with an instant online estimate based on powerful market data. They can also keep track of their house price estimate and access a timeline of their home’s sales history.

My Home also allows homeowners to track the estimated value of other homes in their neighbourhood, as well as homes they might want to buy in the future. Zoopla is encouraging homeowners to get estate agent valuations of their home – the most accurate way to value a property – to see if they are sitting on more equity than they think. 

The housebuilding industry can lead the way on biodiversity

A new guide highlights that biodiversity should be considered at the earliest stages of planning new home developments to encourage wildlife and help reverse habitat decline.

Climate change and the decline of wildlife are the great challenges of our time which, combined with Government demands for greatly increased housing supply, are creating a balancing act which housebuilders and developers must consider in all its aspects. Sustainability must be a key consideration in housing developments ensuring a positive impact on wildlife and the adoption of nature-based solutions.

Much of the focus on sustainable housing in recent years has been in reducing carbon emissions, but the coronavirus pandemic has placed emphasis on caring for local wildlife.

·       The majority of house-buyers say the pandemic has highlighted the need for more nature-rich green space.

·       The UK Prime Minister recently said he will make “tackling climate change and biodiversity loss” the government’s “number one international priority”.

58% of UK species have declined over the last 50 years, and urbanisation is considered one of the key reasons why. 

The National House Building Council (NHBC) Foundation has partnered with the RSPB and Barratt Developments to produce guidance on how the housebuilding industry can incorporate green infrastructure into new build homes and enhance and protect biodiversity within developments to help deliver wider public health benefits.

The new report Biodiversity in new housing developments: creating wildlife-friendly communities has just been launchedproviding guidance on planning for beautiful places, key topics include:

·       Implementing Sustainable Drainage Systems (SuDS) which mimic natural processes in managing rainfall through the use of landscape form and vegetation

·       Installing roost bricks for bats and designing lighting plans in a bat-friendly way

·       Putting in bird nest bricks that provide permanent nest features for declining species such as swifts

·       Ensuring boundaries enable hedgehogs to move freely through a housing development.

Beccy Speight, CEO, RSPB said: “The housebuilding industry is uniquely placed in having an opportunity to create not just sustainable houses, but new, sustainable communities, where people thrive alongside wildlife.

“This guide is a great introduction to the principles and practicalities of creating wildlife-friendly communities and a great addition to the sustainable housing toolkit.

“I hope that the industry will embrace it and help to drive positive change. We all have our part to play as we seek to revive our world.”

Richard Smith, NHBC’s Head of Standards, Innovation and Research said: “In a year so focused on health, this report is a timely reminder of the many benefits nature can provide when successfully integrated into new homes and developments.

“As we head towards COP26, we want to support those in the housing and construction sector to think more about how they can better integrate biodiversity and climate resilience into new home developments to help to achieve the country’s climate change goals and improve health and wellbeing in local communities.

“Biodiversity Net Gain will soon become mandatory in England so there’s no excuse not to start looking at these issues now.”

Barratt Homes leads affordable housing drive across Edinburgh

Barratt Homes East Scotland is leading the drive to bring much-needed modern and affordable homes to popular areas of Edinburgh.

The homebuilder has announced a multimillion-pound investment that will see almost 100 new homes – a mix of social housing and mid-market rent – created across three developments.

Alison Condie, Managing Director of Barratt Homes East Scotland said: “We’re committed to using our position as one of the country’s leading housebuilders to work in partnership with housing associations to develop well-integrated and modern low cost homes all across Edinburgh’s diverse neighbourhoods.

“High quality affordable housing has a huge role to play in addressing some of the most important societal challenges of our time – and we’re proud to help communities thrive by creating homes that meet their needs.”

In south Edinburgh, this includes 24 homes at Lime Grove in Burdiehouse and 29 homes at Heritage Grange – bringing a total of 161 affordable homes to the site once the development is completed. Both projects, which are due to complete by spring 2023, are being delivered in partnership with Castle Rock Edinvar – one of the country’s largest housing associations.

Both developments will provide high quality housing for families in particular, with a new primary school near Heritage Grange, Frogston Primary School, due to open in 2021.

Barratt Homes East

In the vibrant district of Leith, a £6m project will commence to create 43 new affordable homes at Barratt Homes’ Merchant Quay development, built in partnership with the Port of Leith Housing Association.

The homes, which aim to welcome residents by summer 2023, will be the first delivered at the Baltic Street site in recognition of the urgent need for affordable housing.

Barratt Developments – which includes both Barratt Homes and David Wilson Homes – has to date delivered over 1,000 homes across Edinburgh through the Affordable Housing Policy, making the group one of the biggest contributors to affordable housing land supply in the city in the last 15 years.

This feeds in to the wider Scottish Government goal of providing 50,000 new affordable homes – with work safely kickstarting with urgency following delays caused by national lockdowns. 

For more information about Barratt Homes’ properties and locations, visit 

www.barratthomes.co.uk.

New app to make repairing shared properties easier

The City of Edinburgh Council and its partner Novoville are proud to announce the release of Novoville Shared Repairs, a new app dedicated to improving the condition of property in co-ownership in Edinburgh, and all of Scotland.

Born out of the Scottish Government’s CivTech Accelerator programme, Novoville’s Shared Repairs helps private homeowners carry out the maintenance and repairs of shared (common) areas in their tenement, or housing block. The often lengthy and onerous common repairs process can be managed from the app from start to finish.

The free Novoville app, which is available on Google Play and the App Store, allows users to create their ‘virtual tenement’ and report a repair or maintenance issue to fellow proprietors. Then, app users can hire contractors that are members of Edinburgh’s Trusted Trader scheme. Receiving quotes and recording of votes is also fully supported.

Steve Richardson, Director of Scotland Trusted Trader, said: “This is going to be a massive benefit for those looking to organise shared repairs, backed up with the reassurance that Trading Standards vetted members are being used from Edinburgh Trusted Trader.

In order to further expedite the payment process and simplify the process, Novoville Shared Repairs allows app users to create a dedicated e-money account for their tenement with FCA-regulated partner, Modulr. It is no longer necessary to create a traditional treasurer account with a bank or building society in order to gather funds and pay them out to the chosen contractor.

The app is designed to help users carry out repairs in compliance with the Tenement Management Scheme of the Tenements Act (Scotland) 2004. Furthermore, it speeds up decision-making, eliminates much of the complexity and friction associated with coming to an agreement amongst owners, and increases transparency between all participants.

Before the official launch, nearly 50 stairs in Edinburgh have already created their ‘virtual tenement’ in-app through word-of-mouth alone.

Commenting on the app’s release, Fotis Talantzis, CEO of Novoville said: “We are proud to support one of the UK’s greatest architectural assets, the built environment in Edinburgh, with our Shared Repairs app.

“The CivTech programme where it all started was a tremendous experience, and we are very happy that the City of Edinburgh Council decided to continue to support and fund the project afterwards. We have got tons of ideas to take it from there and we’re looking forward to continuing to work with Edinburgh, for Edinburgh and Scotland at large.”

Cllr Rob Munn, Convener of the Finance and Resources Committee at the City of Edinburgh Council, said: “A tremendous amount of work has gone into producing this app and it’s fantastic news that it’s now available for people to use.

“There are around 170,000 tenement flats and other shared buildings with multiple owners in Edinburgh and a lot of these buildings are still in need of urgent repair. This app will make it much easier for owners to get together and take responsibility for their buildings.

“I’d like to thank our staff for recognising the need for this product and rising to the challenge using the Civtech Challenge to produce this innovative app with Novoville.”

Joan Griffiths, Vice Convener of the Finance and Resources Committee at the City of Edinburgh Council, said: “As a city we’re already leading the way in this area and our Shared Repairs Team is doing a fantastic job supporting people who live in shared buildings helping them through the steps they need to take to carry out repairs to their properties properly.

“We’re a member of the Parliamentary Working Group looking at the issue nationally and I’m sure there will be interest in the app outside Edinburg as well.”

Dream home becomes reality for Pauline thanks to Golden Share

For many people, the lure of a new home and upgraded space has become all the more present during the pandemic – with our homes becoming our sanctuaries.

For South Edinburgh mum Pauline, who dreamed of a new-build home after facing issues in older properties, The City of Edinburgh Council’s Golden Share scheme was a chance to make it her reality. 

Pauline said: “My past experience in old houses made me turn a corner on what I was after. I was getting fed up of the upkeep, and always struggled to heat the other properties without it costing a fortune.

“I’d always loved the cleanliness and ease of new build properties, they always felt like they were ready to live in when you walked in the door.”

Location, location, location

For Pauline, location was everything. The new home would have to be close to a school for her two sons, as well as being close to her workplace. Ample space and at least three bedrooms were also on her checklist.

After scoping out her ideal locations, Pauline discovered Barratt Homes @ Heritage Grange provided everything she was looking for, at a price she could afford.

She said: “I didn’t know the area was there when I visited the sales office, I sort of found it by accident! In comparison to a lot of the other houses nearby, the matter of being a couple of minutes down the road also made quite a big price difference, despite the Barratt houses offering a lot more.

“It was exciting seeing it go through the different stages, Ross [the sales adviser] kept me updated throughout. Seeing it from its first initial shell, to then having everything finished for moving in, was a really positive journey. They allowed me to move in as soon as it was finished and the builders even took away all of the leftover cardboard and boxes after I had finished un-packing! It was a fantastic buying experience”. 

From dream to reality

After seeing it come to life, Pauline and her two sons moved into a three-bedroom, mid-terraced Bonnyton house-type.

“It was exactly what I was after; as soon as you step into the home it feels airy and open. You can also see all the way through into the garden, with a big living dining room area just off it. It is such a difference to the other places we had lived in.

“My favourite area of the house is definitely the back and garden. When you open up the living room patio doors onto the garden, it creates one huge space. The garden itself is a perfect size and has that TARDIS-effect. I’ve managed to build a summerhouse with decking, which I often work in, so there’s an extra room there too.”

“There’s also a great sense of community among the neighbours at the development. There’s groups to keep each other updated and when there has been heavy snowfall, we’ve organised shovelling clear outs.”

Barratt @ Heritage Grange is a development of three and four-bedroom homes on the south side of the capital. Located just 15 minutes away from the city centre, it is the perfect location to enjoy a combination of country and city living in a brand new home.

Why choose Golden Share?

Backed by The City of Edinburgh Council, Golden Share is an affordable housing scheme for eligible first time buyers and existing homeowners, which allows them to purchase a new home at only 80% of its market value.

When speaking about her experience with the Golden Share scheme, Pauline said: “It’s important to be organised as it’s quite a tough process, but very much worth it in the end. I am a part-time educator for the NHS, which met the criteria, and I was able to show that my children had to be in the area, with support for them too. It worked out really well for my situation. If not, I would have been stuck in a small flat, with two growing teenagers!”

“I’d recommend anyone thinking of purchasing through Golden Share to speak to the Barratt Sales team, they were really helpful clearing up any doubts I had. Also visiting the show home was a key part of my house-buying process; it really gave me a better idea of the sizing.”

A number of Barratt Homes developments in the east of Scotland feature properties available for Golden Share, including Barratt @ Heritage Grange and The Strand @ Portobello.

The Strand @ Portobello offers a collection of two and three-bedroom terraced houses and apartments close to the picturesque Portobello beach. With excellent transportation links to Edinburgh city centre and road links around the city, the development also benefits from a number of local amenities close by on Portobello high street.

For more information, please visit: 

https://www.barratthomes.co.uk/offers/golden-share/

Over £97m contributed to the economy by Barratt East Scotland

– Housebuilder supports 1,530 jobs, creates 18 new careers and 10.1ha of green space across the region –

Despite the challenges of the past year, Barratt Developments Scotland has made a substantial contribution of £245m to the UK economy, with the housebuilder’s East Scotland division supplying £97m in GVA itself.

In the year ending 30 June 2020, Barratt East Scotland has also completed 551 new homes and supported 1,530 direct, indirect and induced jobs across the region.

As the largest UK housebuilder, and one of the most sustainable, Barratt continues to safeguard the Scottish environment by creating nearly 23ha of green space. Barratt East Scotland has created 10.1ha of public green spaces and private gardens.

Barratt is working towards reducing its direct carbon emissions by 29% by 2025 and indirect emissions by 24% per square metre by 2030. In the past year, CO2e emissions per 100m.sq. of completed build area fell to 2.29t. across the East Scotland business. 99% of construction waste was also saved from landfill and 12% of new homes were built on previously developed land.

Interior architectural show home photography of David Wilson Homes Mallets Rise development in Newton Mearns

Alison Condie, managing director for Barratt Homes East Scotland, said: “We’re committed to creating strong communities, prosperous job opportunities and meaningful economic impact across the region.

“To have contributed over £97m to the economy and supported over 1,500 jobs is a fantastic achievement – especially given the challenges of the last year – and we’re determined to do even better this year.”

As part of its housebuilding activity, Barratt East Scotland has made £3m in local contributions to help build new facilities and community infrastructure. This contribution includes the provision of 202 new school places. More than £14m has also been spent on physical works within communities, such as highways, environmental improvements and community facilities.

Other key findings from the Barratt East Scotland 2020 socio-economic report include:

·       Increased support for public services with £36m in generated tax revenues

·       Over £105,000 donated to local charitable and community causes

·       300 supplier and 310 sub-contractor companies supported

·       Increased support for the UK supply chain with 90% of all components centrally procured, assembled or manufactured in-country

·       More than £9.5m in retail spending by new residents, helping support 100 retail and service-related jobs

The development of new and future talent remains a key priority for Barratt Developments Scotland and 56 graduates, apprentices and trainees launched their careers with the company in 2020, an increase from 50 in the previous year.

The assessment of Barratt Developments’ performance was carried out by independent consultants Lichfields, who analysed socio-economic impacts through the delivery chain for new housing based on Barratt datasets, published research and national statistics.

New housing planned for Salamander Street

Comprehensive Design Architects (CDA) has filed outline plans to build a mixed-use development with 285 apartments on Leith’s Salamander Street.

Landowner John G Russell (Transport) Ltd said properties on the 3.4-acre site are surplus to requirements and plans to demolish these buildings ahead of the redevelopment of the site.

The redevelopment proposes a residential-led, mixed-use development which would offer approximately 300 new residential apartments of which 25% will be affordable homes in line with council planning policy.

Commercial uses will be provided at ground floor level and other ancillary development will include car parking, access, landscaping and associated infrastructure.

In a planning statement submitted with the plans, CDA wrote: “The varying scale of the proposal looks to add visual interest to the design whilst minimising any potential canyoning effect on the narrow width of Salamander Street.

“By increasing the height of the buildings the overall built footprint on the site can be reduced thus freeing up space for external amenity as well as pedestrian, cycle and vehicle access.

“Although accommodation at ground floor is limited due to flood levels, upper ground floor flats will have private gardens providing amenity as well as defensible zones.”

Barratt Homes: Twelve in a row!

Local housebuilder awarded 5 stars for customer satisfaction for a record 12 years in a row

Local housebuilder Barratt Homes East Scotland has received the maximum 5-star rating in the new Home Builders Federation (HBF) annual New Homes Customer Satisfaction Survey.

The number of stars awarded is based on customer responses to the question “would you recommend your builder to a friend”? For Barratt to have been awarded 5 stars means that over 90% of its customers would recommend their homes to a friend.

This is the 12th year in a row that Barratt has achieved the 5-star rating – a record unmatched by any other major national housebuilder.

It comes on top of the recent Supreme Win at the NHBC Pride in the Job Awards, where Barratt site manager Kirk Raine scooped the top award out of a possible 11,000 site managers across the country – marking the fifth Supreme win for Barratt site managers in six years.

The HBF New Homes Survey is one of the largest surveys of its type in the country and is completed by nearly 50,000 people who have recently bought a new build home. The simple 1-5 star rating system was developed to give customers an easy to view ranking system of which housebuilders have the most satisfied customers.

The high satisfaction rates are a testament to Barratt’s commitment to building high quality homes and great places that its customers are proud to call home. The customer is at the heart of everything Barratt does, and it is this focus on making customers happy which results in such high recommendation scores. 

Stewart Baseley, executive chairman of the Home Builders Federation, said: “The survey demonstrates that the industry is delivering an excellent level of service in the opinion of over 90% of its customers.

“The fact that we have seen four successive years of improved satisfaction levels shows the clear focus builders have been putting on the customer. That this level of satisfaction has been delivered during a pandemic that saw sites closed and builders unable to access homes for a period makes it even more of an achievement.

“To achieve a 5-star rating, meaning that at least 90% of your customers would recommend you, is a fantastic achievement that requires commitment from everyone within the organisation.”

Alison Condie, managing director at Barratt Homes East Scotland, said: “We’re incredibly proud to have been announced a 5-star housebuilder for a record 12 years in a row.

“We work hard to look after our customers, both before and after they buy their new homes, so it’s great to know that our customers rate us so highly, and that so many of them would recommend us to a friend. We will continue to give all of our customers a 5-star service.”

Barratt is currently building a range of quality new homes across the east of Scotland.

For more information, visit www.barratthomes.co.uk/new-homes/scotland-east.

14% increase in first-time buy-to-let landlords

With the pandemic driving interest rates into the ground, it’s only natural that people are searching for a more lucrative return on their investments. 

Research by insurance and personal finance comparison experts Quotezone.co.uk reveals that 85% of those looking for landlord insurance own just one property – suggesting this is a buy-to-let investment rather than their full-time job.

The data, which covers a sample of landlord insurance quotes from 2019 to 2020, suggests redundancies and furlough has perhaps created an emerging trend of small and first-time landlords. 

Although the majority of the 19,000 landlords Quotezone.co.uk sampled have owned their property for five years or more, there is a recent spike emerging, with properties owned for ‘less than 1 year’ in Scotland seeing a 14% year-on-year increase during the pandemic. 

The data also showed that the average age of a landlord in the UK is 51 – these people are likely at least a decade from retirement and looking to invest their skills and savings in a more long-term asset that may offer higher returns than other investment options out there.

And with only 52% of landlords using cash to purchase during 2020, the lowest figure on record* – buy-to-let is an increasingly viable option for many UK buyers, even those with a relatively modest amount of capital to invest.

The average rent landlords can expect from their investments differs dramatically across the UK, with data from Statista revealing that Greater London has the highest average at £1,556, while the cheapest region is the North East where the average rent is just £539. The UK average is currently £832.

The best interest rate available from savings accounts currently stands at just 3%. By contrast, the average rental yield in the UK is currently 5.2%***, and buy-to-let property in some parts of the country even offers rental yields in excess of 7%.

However, there are overheads a landlord needs to consider such as a managing agent, utilities inspection reports and certificates, landlord licence (£500 every 5 years), safety equipment such as fire alarms and extinguishers and routine maintenance to the property.  Landlord insurance is another vital element but by comparing policies on comparison platforms, there are competitively priced policies available.

The research also showed that the majority of tenants were employed professionals followed neck-and-neck by short-term Airbnb lets and DSS / unemployed occupants.

Founder of Quotezone.co.uk, Greg Wilson, comments: “It is interesting to see that 85% of people in our data, who class themselves as landlords, own just one property – suggesting that actually first-time landlords with other occupations could be adding this asset to their portfolio as an additional revenue stream or an alternative to pension investments.

“Covid has created a temporary shopping spree within the housing market with the government’s stamp duty holiday, however I fear this temporary boost in sales may be short-lived as the economic aftermath of the pandemic is yet to be revealed and the stamp duty holiday is due to expire at the end of next month.

“However rental properties haven’t gone untouched by the crisis with many tenants on furlough or facing redundancies and social distancing creating physical barriers to the properties making routine maintenance and repairs difficult. 

“It is perhaps more important than ever to ensure landlord insurance policies are thorough, accurate and up to date so that landlords are fully protected should a claim be needed.” 

Policies vary from one landlord insurer to another, but in general can cover any damage to the building caused by insurable events like fire, flood, storms, subsidence, theft and vandalism. 

Landlord contents insurance, landlord liability and unoccupied property insurance can also be added as well as extra tailored features such as rent guarantee insurance, landlord home emergency cover and legal expenses.

Recommended by 97% of reviewers, Quotezone.co.uk helps around 3 million users every year, with over 400 insurance brands across 60 different products

“Everyone living in Scotland is entitled to a warm, comfortable and safe place to live”

Plans for a new legal requirement for all homes to meet the same standards will be included in a major national housing strategy published today.

The new Housing Standard, applying to all tenures, is an important element of Housing to 2040, which will set the path for how Scotland’s homes and communities should look and feel in 2040

The new standard will create a single set of quality and accessibility standards, no matter whether a home is owned or rented.

Communities Secretary Aileen Campbell said: “Everyone living in Scotland is entitled to a warm, comfortable and safe place to live.

“That’s why we will develop a new Housing Standard which will be aligned to standards for energy efficiency and heating, meeting expectations for housing as a human right and delivering homes that underpin health and wellbeing.

“This will cover all homes, new and existing, with no margins of tolerance for sub-standard accommodation. Importantly we will also enshrine the Standard in law.

“The Scottish Government will work with local authorities, registered social landlords, private landlords and communities to drive improvements to the quality of all homes so that everyone is living in good quality accommodation, regardless of whether they own it or rent it from a private or social landlord.

“Our existing homes need to keep pace with new homes to ensure no one is left behind.”

Following consultation, and subject to the outcome of the election, the Scottish Government will publish a draft Standard in 2023 and introduce legislation in 2024-25, for phased introduction between 2025 and 2030, recognising that different types of homes in different places may need more or less time to achieve compliance.

Housing to 2040 was published by the Scottish Government this morning.