Scotland’s Build to Rent market is “stuck in the pipeline” with an estimated 14,000 new homes held up in the pre-planning or planning stage and at increased risk of not being delivered, property firm Rettie has revealed.
Almost all of the planning applications made to the City of Edinburgh Council for properties to operate as short-term lets have been rejected since the introduction of a new system in 2022, according to a freedom of information request lodged by Gilson Gray.
Legal & General, advised jointly by Savills and CBRE, has let three fully fitted offices at both Kintyre House and 140 West George Street in Glasgow city centre to occupiers including Hiscox, Beale & Co and Diamond & Co.
The number of social landlords that have discovered the presence of reinforced autoclaved aerated concrete (RAAC) in their properties has increased to 16, with almost 2,500 homes now impacted by the material.
New statistics on Scotland’s Short-Term Lets Licensing Scheme have revealed that local authorities received at least 30,299 applications for a short-term lets licence by the end of June this year, with 82% (24,810) being validated.
Edinburgh-based residential and commercial property developer AMA Newtown has confirmed it is the preferred bidder for Summerhall, the arts venue which was faced with a winding up petition at the start of this month.
Investment in Glasgow offices has already surpassed last year’s total, reaching £198 million in the year-to-date, a 46% increase from 2023’s £136m, according to Knight Frank.
Aberdeen’s housing market has shown a 1.6% decline in the average property price during Q3 2024, as transactions rose 9.8% for the same period, according to the Aberdeen Solicitors’ Property Centre (ASPC).
Edinburgh’s Orchard Brae House has secured three lettings in close succession, following the completion of an extensive refurbishment programme at the office building.