The top 10 per cent of earners own about 30 per cent of Scotland’s property wealth

Ministers are being urged to “redress the balance” in housing wealth inequality after a report showed that the value of privately owned residential properties has soared in the past 50 years.

Housing wealth, defined as the net value of residential dwellings held by households, has grown from an estimated £2.7 billion in Scotland in 1968 to £308 billion by 2018.

The top 10 per cent of earners own about 30 per cent of the nation’s property wealth, and the report by the Resolution Foundation think tank said that more than 33 per cent of households had no property wealth at all. “Housing wealth inequality is twice as high as income inequality,” it added.

The report, produced for the Scottish poverty and inequality commission, said that