1.1 In the practical operation of housing policy, housing market areas are critical concepts. Research is a vital part of housing policy making at national, regional and local levels. In recent years, there has been considerable discussion in England, Scotland and Wales on assessing local housing requirements and undertaking housing market studies.
1.4 This report includes the definition of Housing Market Areas which is an integral element in Local Housing Strategies. The assessment of local housing requirements is included and presents secondary data that will provide useful information on the housing requirements.
1.5 Secondary data is said to be an existing primary data that was collected by someone else and is used by the study to support its claim. It is required by the communities Scotland to take a top level strategic view and seeks to identify market areas for the purpose of strategic analysis.
1.6 This report includes housing market analysis and the assessment of local housing requirements for a sub-regional partnership comprising a small group of local authorities, their housing association partners, voluntary sector agencies and house builders within Glasgow, Scotland.
1.7 The average price of a home in Glasgow in 2005 was around 125,000. However, the variation across the city means that some areas are much more affordable than others. If you are unsure, it may be worth seeking the advice of a solicitor or estate agent to identify the areas best for you, given your budget and travel needs. (Glasgow Housing Market, 2006).
1.8 The overall aim of the study is to:
Define housing market studies and local housing requirements.
To provide information using secondary data.
To identify how the study will improve policy making and aid investment decisions over the next decade.
2. Key Findings
2.1 There is market when there is a seller and a buyer. When someone is
interested in something that you sell market exist. Housing Market is just the same market that we know. It involves the seller which is the owner and the interested party or the buyer.
2.2 Housing market studies involves the assessment of the location or the area.
There are many who want to own a house but it must be accessible to the important establishments such as hospital, church, work and schools.
2.3 In Glasgow a Housing Research Group draws together researchers from a
variety of disciplines with a common interest in housing and its connections
with neighbourhoods, social policy, labour markets, the environment and the
2.4 The research focus on houses prices and affordability issues, mortgage
markets, land-use planning, commercial property, social housing and area
2.5 The research group is operating in three core themes: Housing markets and
affordability, Land-use Planning, Brownfields and Housing Supply, and Social
Housing and Area Effects.
2.6 The local housing market has a significant effect upon the type of housing to be expected on each individual site opportunity, and therefore upon the dwelling yields.
3. Definition of Terms
3.1 Housing Market Studies is a comprehensive study of a specific proposal
including a review of the housing market in a defined market area. Project specific market studies are often used by developers, syndicators, and government entities to determine the appropriateness of a proposed development, whereas market ...
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