The average price of a Scottish property in February 2023 was £180,287, an increase of 1% on February 2022, the latest provisional statistics from the UK HPI show.
Edinburgh’s office market has experienced a robust beginning to the year, driven primarily by the technology, media, and telecommunications (TMT) sector, despite facing significant macro-economic challenges, according to recent analysis from Knight Frank.
Zakir Issa, a sibling of the billionaire Issa brothers who own Asda, has acquired the Bon Accord shopping centre in Aberdeen through EP Properties for a sum believed to be less than £10 million.
Oxygen Conservation, a company committed to tackling climate change and the biodiversity crisis, has acquired 23,000 acres in Scotland with the support of a £20.55 million loan facility from Triodos Bank UK.
Independent property advisory firm, Lismore Real Estate Advisors, recently published its review of the Scottish investment market for Q1 2023, and has predicted growing interest in prime city centre offices, especially in cities with limited supply such as Edinburgh.
International investors are prepared to play the longer game when it comes to property purchases in Scotland, according to Lindsays partners Derek Nash and John Bett, who have said there remains “definite” interest from potential overseas buyers in the Scottish market.
Housing Growth Partnership and PfP Capital have announced a £390 million joint venture (JV) which will see 400 sustainable new homes built at a former Diageo distillery in Glasgow.
A unique luxury property which overlooks the Old Course and iconic Swilcan Bridge at St Andrews Links, and has a remarkable golfing pedigree, is being offered for sale by Thorntons Solicitors, priced at offers over £1.95 million.