Alma Economics worked with the Scottish Government to explore models for forecasting the housing market to inform the development of the Land and Buildings Transaction Tax forecasting model. The aim of the research was to provide a comparative evidence base for officials to decide on whether, and how, to change the current approach. We designed a sophisticated assessment framework to systematically highlight the strengths and weaknesses of each model’s approach. A summary table provided policymakers with an ‘at a glance’ overview of our assessment along with a list of recommendations.

 ➥ The final report can be found on the Scottish Government website.