A new Renters’ Rights Bill to improve the rights of tenants who are renting in the private rented sector, including ending no fault evictions, and a Planning and Infrastructure Bill to reform planning and accelerate the delivery of infrastructure and housing were outlined in the King’s Speech yesterday.
The average price of a property in Scotland in May 2024 was £191,000, an increase of 2.5% when compared to May 2023, the latest provisional statistics from the UK House Price Index (HPI) have shown today.
Scottish Enterprise has launched a £35 million Manufacturing Property Challenge Programme for prospective developers of manufacturing property to create 1 million sq ft of new industrial space to increase innovation and Scotland’s attractiveness to inward investors.
A total of £300 billion is needed to deliver the additional million homes in the Private Rented Sector (PRS) required to meet the future household growth requirements by 2031, Savills has warned.
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.