Motion S5M-10538: Housing and Societal Inequality

20 Feb 2018

That the Parliament notes the recent report from Zoopla, which shows that the number of homes valued over £1,000,000 in Scotland has increased by 2,264; understands that this represents an increase of one quarter over 2017; believes that this growth highlights increasing wealth for the richest and a rising gap between the richest and poorest; considers that such increases in wealth are not adequately taxed; recognises that, compared to many other areas of the UK, Scotland has a relatively small number of these properties with 11,101, compared with the South East of England, which has 180,397; believes that this inequality in society is unhealthy and potentially damaging for the economy, and welcomes any proposals to deal with this through taxation or otherwise.