Commercial property and investment collective M Core has acquired the Princes Square retail development in the heart of Glasgow city centre, for an undisclosed sum.
The Scottish Government will not be able to phase out fossil-fuel home heating systems by 2045 unless it significantly increases the scale and pace of activity, Audit Scotland has warned today.
New insights from the Aberdeen Solicitors Property Centre (ASPC) have revealed a 3.1% dip in property prices in the city over the past year, amidst this, a positive quarterly rise of 0.5% offers a ray of hope.
Real estate advisor CBRE has released its latest findings on Scotland’s key office markets, focusing on Edinburgh and Glasgow during the final quarter of 2023.
Knight Property Group has completed its of construction works on a cutting-edge showroom and vehicle service facility for Ford’s biggest dealer group, TrustFord.
Harbour Energy has secured 34,000 sq ft of Grade A office space at Aberdeen’s Prime Four Business Park in Kingswells, in a deal brokered by independent commercial property consultancy Knight Frank.
Lismore Real Estate Advisors has facilitated the £13.965 million sale of South Gyle Trade Park in Edinburgh on behalf of abrdn, with Rossco Properties (Edinburgh) Ltd emerging as the acquirer.
Regulations to introduce an arbitration scheme that aims to avoid excessive private rent increases when the current emergency rent cap regulations come to an end have been laid in the Scottish Parliament.
Overall occupier demand for commercial property in Scotland fell flat through the last quarter of 2023 according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor.
Legislation enabling councils to increase their affordable housing stock without having to pay a tax on additional properties has been introduced in the Scottish Parliament.
Savills latest analysis of UK residential market performance during 2023 has shown that while mortgage affordability has impacted the wider market, Scotland’s prime market has been the most resilient in the UK with a 1% increase in net agreed sales.
House prices in Scotland are anticipated to rise through the first quarter of 2024 according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
The average Scottish house price reached £194,000 in November 2023, a 2.2% increase compared to the same period in 2022, according to the latest data from the UK House Price Index (HPI).