UK consumer confidence has fallen for the fifth consecutive quarter in Q3 2022, falling by one percentage point to a historically low -20%, according to Deloitte’s latest Consumer Tracker. Spending power also remains significantly strained, as consumer sentiment around levels of debt also reac
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A new report by Santander has found that a ‘green premium’ based on energy efficiency is emerging in the UK’s property market. The study, Buying into the Green Homes Revolution, which surveyed more than 2,300 UK based homebuyers and owners, estate agents and mortgage brokers,
Mark Stewart, partner, corporate finance and head of energy, infrastructure and sustainability at Johnston Carmichael, discusses the importance of ESG reporting. Climate change and energy transition, shifting from a linear to a circular economy, rising inequality, balancing economic needs with those
Richard McMeeken, partner at Morton Fraser, discusses a recent decision issued on 4 August 2022 in which Lord Braid has clarified certain aspects of the law of bribery in Scotland. In Oil States Industries (UK) Limited v "S" Limited; Lagan Building Contractors Limited (in administration); John Hanse
Businesses in Scotland were seeing some glimmers of hope in the second quarter 2022, according to the latest Addleshaw Goddard Scottish Business Monitor report, but while overall sentiment remains positive its level has fallen amid challenging conditions. The report, which surveyed 400 firms in July
The Scottish Tourism Alliance (STA), the representative body for Scotland’s tourism industry, has published the results of its research into the recovery of the sector, revealing that summer and forward bookings are down and almost 40% of businesses have reported a decrease in spending in sin
Real estate advisor CBRE has released its latest figures on the office markets in Edinburgh, Glasgow and Aberdeen during the first quarter of 2022. Office take-up in Edinburgh totalled 118,926 sq ft in the first quarter of 2022. This is up 33% from the first quarter of 2021 and only marginally below
Scottish consumers are set to spend an extra £1,100 on energy and food due over the next year, due to cost the of living crisis, according to the latest Consumers in Scotland report conducted by consumer champion Which?. Which? carried out extensive research with more than 1,000 people in Scot
Colliers expects UK all-property total returns growth to moderate to 9.6% in 2022 and 6.4% in 2023 as rental growth slows and yields stabilise, following a six-year high of 16.5% in 2021. The industrial sector will continue to remain popular with investors this year as will retail warehouses, prime
There was an unprecedented demand for Scottish property across the board over the last year, including for homes worth more than a million pounds, the latest statistics from Savills have revealed. According to the figures, this section of the market grew by 31% last year compared to
Scottish business sentiment remained positive in the fourth quarter of 2021, but the rising cost of energy impacts prospects for 2022 and operates as a drag on the outlook for economic growth, despite the easing of pandemic restrictions, according to the results of the latest Addleshaw Goddard Scott
The high levels of rental activity in Scotland in the previous quarter continued deep into Q4 of 2021 sending stock levels down to record lows and driving some rents to all-time highs, according to a new report.
As more information emerges about the Omicron variant and restrictions begin to ease, Scotland’s GDP is expected to grow by 4.8% this year, according to new analysis by KPMG UK. With Omicron posing a milder setback than earlier strains, KPMG expects all regions and nations to reach their pre-C
In a bid to boost buying power and help UK homeowners into their ‘forever homes’ sooner, Habito, the digital mortgage broker, lender and home buying service, has announced enhanced lending criteria of its fixed-for-life Habito One mortgage.
Business confidence in Scotland fell three points during December to 24%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.
