Edinburgh’s commercial property market has witnessed a notable surge in investment, already surpassing the previous year’s total despite a tough economic backdrop.
Casa by Moda, the family rental homes division of developer and operator Moda Group, has completed the first phase of its new rental homes in Springboig, Glasgow, its first residential neighbourhood in the city.
Dundee is fast becoming Scotland’s ‘buy-to-let capital’, according to Gilson Gray, as years of investment and change transform the city and filter through to the property market.
The share of homes sold by a landlord in Great Britain fell from 15.7% in 2022 to14.0% so far this year, however, Scotland is the only region where the landlord sell-off has accelerated this year and where new purchases hit a record low.
The housing market in Scotland remains subdued, with sales, instructions and prices all in decline, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
A Holyrood Committee has launched a new call for views on legislation which would give Scottish ministers new powers to assess and remediate buildings in Scotland with unsafe cladding, following the 2017 Grenfell Tower fire.
Buccleuch Property has expanded its prime retail asset portfolio with the acquisition of 49 George Street in Edinburgh from Columbia Threadneedle Investments for £3.325 million.
Edinburgh’s office market is showing resilience in the face of economic headwinds, with office space take-up rising to 334,510 sq ft by the end of Q3 2023 – a 25% increase on last year’s figure, according to Savills.
Scotland is facing a significant housing crisis, triggered by a chronic underinvestment in social housing, as highlighted property firm DJ Alexander Ltd.
Indigo House, funded by the Nationwide Foundation, will this week launch the final phase of research to unveil how tenancy reform has impacted the experiences of tenants and landlords in Scotland’s private rental market.
Public sector organisations across Scotland are being invited to attend a launch event that will share vital information on a major framework geared towards improving the safety of social housing and public buildings.
Real estate investment manager IP Investment Management (IPIM) and property and private equity manager Maven Capital Partners have jointly acquired a prime development site in Dundee for a new £30 million student accommodation scheme.