Edinburgh-based property investment group Archibald Marckay Group has successfully secured a £530,000 funding deal from alternative finance lender Reward Finance Group.
Scotland has seen an increase in annual £1 million plus house sales, reaching a new high of 506 transactions in 2023, up from 504 in 2022, according to property firm Rettie.
A study is underway by development agency Highlands and Islands Enterprise (HIE) to find out what demand there is for commercial property and land in the Highlands and Islands.
In line with the wider global slowdown, investment into Scottish commercial real estate saw a significant decline in 2023 according to Colliers’ latest Scottish Snapshot.
The average price of a property in Scotland in December 2023 reached £190,000, denoting a 3.3% year-on-year increase, according to the latest provisional statistics from the UK HPI.
The total value of all homes across the UK now stands at £8.678 trillion, with Scotland showing a 1.3% increase in total value and outperforming the rest of the UK, according to new research by Savills.
A major investment by developer Surplus Property Solutions in an extensive refurbishment and upgrading of a prestigious traditional building in Aberdeen’s desirable West End has addressed a shortage of Grade A office space within the city centre.
Residential property sales in Scotland experienced an upturn in January, marking the first positive growth in over six months, as reported by the Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
Hardies Property & Construction Consultants has completed its fifth acquisition in five years with the purchase of the Edinburgh and Kirkcaldy offices of property and costs consultancy David Adamson and Partners.