More Edinburgh occupiers decided to “stay put” rather than taking new office space during the second quarter of 2024, with regears outpacing new leases, according to figures from Knight Frank.
Investor research from Lismore Real Estate Advisors has revealed that 90% of investors would consider investing in Edinburgh over the second half of 2024.
Home sales in Scotland are expected to rise over the next three months despite a falloff in new buyer enquiries during June, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
Investment in Scottish commercial property dipped during the first six months of 2024, as uncertainty over interest rates caused investors to take a pause for thought in Q2, according to new figures from Knight Frank.
Aberdeen’s commercial property market has received significant inflows in the first half of 2024, reaching its highest investment level since 2018, according to Knight Frank.
Philanthropist Ian Wace, owner of Tanera Mor in the Summer Isles, is gifting a substantial sum to the Coigach Community Development Company (CCDC) to purchase the majority of the Badentarbat Estate near Achiltibuie in Wester Ross.
Scottish property taxes reached £628.1 million in the year to May 2024, a £8.5m increase on the previous year (£619.6m), according to DJ Alexander Ltd.
Scotland’s residential development market has seen a positive first half of the year, with a significant increase in viewings and reservations, according to Savills.
Scotland’s commercial property market saw £272 million in transactions in Q2 2024, a 15% decrease compared to Q2 2023 and 31% below the 5-year average, according to Lismore Real Estate Advisors.
Energy infrastructure company Smart Metering Systems (SMS) has renewed its lease at 48 St Vincent Street in Glasgow, advised by Ryden’s office agency team.
Assetz Capital, a lender in the SME commercial property and residential development sector, has completed a £5 million commercial mortgage to refinance the ibis Styles hotel in Glasgow.