Responding to the Scottish Government Budget Statement this afternoon, John Blackwood, Chief Executive of the Scottish Association of Landlords said:
“Landlords will be disappointed and frustrated by the decision by the Finance Secretary this afternoon to copy the policy of the Conservative Party at Westminster and punish those who choose to invest in the Private Rented Sector (PRS) Scotland. The supplementary tax on the purchase of second homes will have a huge impact on the buy-to-let market and exacerbate an already serious shortage of properties in many areas. We firmly believe that the biggest losers from today’s statement will be tenants who will now find it even harder to get the accommodation they want at a price they can afford.”
“As laid out by the Commission on Housing and Wellbeing, landlords have a major part to play in solving Scotland’s housing crisis precisely because of the investment they can provide at all levels of the market. The Scottish Government should be encouraging more investment by responsible landlords whilst ensuring the highest standards are met, instead of seemingly doing everything it can to dissuade them.
“Reducing investment will only lead to less being spent on improving housing stock across Scotland and create a space for rogue landlords and letting agents who operate outside of the high standards that the overwhelming majority of the sector are rightly held to.”