CBRE has forecast a nascent economic recovery in the latter half of 2024, with a more robust rebound expected in 2025, according to its UK Real Estate Market Outlook 2024.
Scotland’s housing market exhibited a complex trend in October 2023, distinguished by a modest annual increase in average house prices, juxtaposed with a monthly decrease and a significant decline in residential sales volumes.
The City of Edinburgh Council has called for all for an emergency Bill to be introduced to the Scottish Parliament to address what it described as “legislative deficiencies” in the regulation of short-term lets (STLs).
Mar Hall Hotel, Golf and Spa Resort, one of Scotland’s most established hotels, has been acquired by Dubai-based Dutco Group, supported by investment and asset management firm, Align Partners.
Shepherd Chartered Surveyors has secured the top spot in commercial property search expert NovaLoca’s annual disposals report for the second year in succession.
Glasgow-based factoring firm Newton Property Management has successfully acquired Morison Walker Property Management, a historic company rooted in Greenock since its inception in the early 19th century.
The rental market in Scotland has seen significant fluctuations over the past year, with the average rental price for newly let properties rising by 12.9%, according to Zoopla’s December report.
Factors Direct, the property factoring company launched earlier this year by Glasgow-headquartered Cairn Group, has acquired Clyde PM, the factoring arm of estate agent Clyde Property, and the Scottish arm of Glasgow-based Nationspaces Developments which operates across all aspects of property management.
The Easdale Investment Group, under the ownership of brothers Sandy and James Easdale, has further expanded its property portfolio in Scotland with the acquisition of a new industrial unit in Renfrew.
The average selling price of property in Edinburgh, the Lothians, Fife and the Borders dropped 6.6% year-on-year to £273,348, according to new figures from ESPC.
Glasgow-headquartered Cairn Group has acquired Rannoch Property, the Glasgow-based estate agency offering a range of property management, buying, and selling services, through its Cairn Letting division.
A ‘building within a ruin’ in North Ayrshire designed by Ann Nisbet Studio has been named today as the winner of the Andrew Doolan Best Building in Scotland Award by the Royal Incorporation of Architects in Scotland (RIAS).
Sandy and James Easdale have expanded their commercial property holdings with the acquisition of Kingston Industrial Estate in Inverclyde from Peel Waters Limited, the property development arm of Peel Group, for an undisclosed sum.