144 West George Street, the prominent Glasgow city centre commercial asset owned by Topland, has been fully let following a new tenancy agreement with rail contractor QTS.
August saw the highest ever level of property tax revenues per transaction in Scotland according to analysis of the latest statistics by property firm DJ Alexander Ltd.
Scotland’s property market is experiencing a severe slump in the number of first-time buyers as a result of soaring interest rates since December 2021, with nearly £900 million less being borrowed by Scots aspiring to own homes.
The latest provisional statistics from the UK HPI have recorded an average property price in Scotland of £192,000 for July 2023, denoting a 0.1% increase from the previous year.
Scottish health tech firm Emblation has officially commenced its move into a new £4 million headquarters in Stirling, ushering in the start of a new era.
House prices in Scotland have continued to fall with the price balance now at its lowest outside of lockdowns in over 10 years, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
Knight Property Group has secured a significant deal at its £20 million landmark green office building in Edinburgh Park, with Lumacron Technology having moved its headquarters to 4-5 Lochside Avenue, in Edinburgh Park.
Legislation that will allow local authorities to charge a premium of up to 100% on council tax for second homes under legislation with the aim of increasing the availability of housing has passed the consultation stage.
The Scottish property market has shown signs of cooling as average property selling prices across Edinburgh, the Lothians, Fife and the Borders showed a 2.8% year-on-year drop during June-August 2023 to £286,560, according to the latest ESPC House Price Report.
A report released by international law firm CMS has shown that Glasgow’s commercial real estate market has maintained a steady upward increase in its appeal to investors. Scotland’s biggest city is also closing the gap against other major UK cities as a place for real estate investment.
Despite concerns over the Bank of England’s recent hike in base interest rates to a 15-year peak of 5.25%, Glasgow’s property market has remained “robust and thriving”, according to Scottish estate agents Corum.