Scotland’s high-end property market has demonstrated resilience in 2024, with sales of homes exceeding £1 million increasing despite political and tax hurdles, according to Savills.
Aberdeen’s Energy Transition Zone (ETZ) accounted for 35% of the city’s take-up from industrial occupiers last year, rejuvenating the city’s southside and helping to deliver the third best year of the last decade.
The social housing sector is facing significant financial and operational challenges caused by void properties, according to Housemark’s latest Voids Club research.
Temporary restrictions on rent increases in the private rented sector will be withdrawn at the end of March 2025, the Scottish Government has confirmed.
The City of Edinburgh Council has agreed changes to its licensing policy on short-term lets that will water down key health and safety requirements for homesharers during the Festival period to try to ease the acute shortages of visitor accommodation.
Sean Fraser, a commercial property solicitor at Holmes Mackillop, has called for the reintroduction of the Business Premises Renovation Allowance (BPRA) to tackle derelict buildings in Glasgow city centre.
Negative quarterly and annual house price changes have been recorded for Aberdeen’s housing market, at -1.7% and -3.3% respectively, according to a report from the University of Aberdeen Business School’s Centre for Real Estate Research.
Scotland’s commercial property market continues to see increased activity as both investor and occupier demand rises according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor.
Grant Thornton UK LLP has signed a lease for 8,500 sq ft on the eighth floor of Aurora, a recently refurbished office development at 120 Bothwell Street in Glasgow.
More than a third of all households in Scotland are estimated to have spent at least 10% of their incomes after housing costs on keeping their homes warm, according to the latest Scottish House Condition Survey (SHCS) for 2023.
Glasgow city centre has experienced a significant surge in food and beverage (F&B) activity in 2024, with 34 new openings marking the highest volume in over six years – a 25% increase compared to the previous year – according to Savills.