United Kingdom ViewPoint - Scottish Elections 2016
On 5 May 2016 Scotland votes for a new Parliament. The Scottish Parliament is now one of the most powerful elected bodies in the UK, and the decisions and policies of the Scottish Government increasingly have a direct impact on real estate markets. In this Viewpoint we explore that impact, looking at party manifestos and polling evidence.
The Scottish National Party (SNP) is likely to again be elected to form a majority administration. Polling typically gives the SNP a strong lead over other parties, usually taking more than 50% of the vote.
Prospects for another independence referendum look relatively slight, but the SNP say they will set out on a new programme to persuade Scotland of the benefits of independence. But if the UK population votes to leave the EU in the referendum on 23 June, the SNP say a second independence referendum is much more likely.
Scottish real estate will see ‘more of the same’ from the SNP in the next five years if they are re-elected. But even if they end up in coalition with another party, land reform including transparency in land holdings, property tax, infrastructure and housing will be the focus of Scottish Ministers. We look at how the main party manifestos each approach these issues.