Investment in Scottish commercial property increased in the third quarter of 2024, as interest rates began to fall and a decisive election result provided more certainty over future policy direction, reaching £1.21 billion in the first nine months of the year, according to Knight Frank.
Property firm Rettie has raised its 2024 house price forecast by a full 1.5 percentage points, doubling its prediction to 3%, with Rettie’s research unit adjusting its forecast due to the recent reduction in the UK interest rate.
Glasgow-based tech company PropEco, which provides an innovative technology platform that can assess the long-term value and viability of property, has secured seed funding of £275,000.
Capital residents, businesses and visitors are being invited to have their say on the final plans to raise over £100 million by 2030 from tourism to support the city of Edinburgh.
Over 225 key players from across the Scottish home building sector and wider stakeholder organisations are coming together in Edinburgh today to discuss how to address the country’s housing emergency in the context of changing consumer, political and policy landscapes.
The Tayside Solicitors Property Centre (TSPC) Property Investor Evening will take place at TSPC, 11 Whitehall Crescent, Dundee, from 5.30pm until 7pm on Thursday, 26 September 2024.
Scotland’s coastal towns are dominating the property market, with 13 of the top 20 residential areas by average house price located on the coast, according to research by Rettie.
Several of the UK’s largest mortgage lenders have significantly reduced interest rates this week, with some deals now available for under 4%, according to Moneyfacts.