Property

Homes are selling quickly and a high level of home report valuations are being achieved, the latest data from ESPC shows. In August-October 2022, sales volumes across Edinburgh, the Lothians, Fife and the Borders reduced by 4.3% annually, while new property listings were up 0.5%.

Northern Irish private investment company Wirefox has acquired the Ardgowan Hotel through its Marram Hotels business, expanding the leisure portfolio to Scotland. The privately owned St Andrews property was acquired from the McLachlan family on Monday for an undisclosed sum.

A new way to market properties for sale has been launched by a collective group of solicitor estate agents and ESPC. Offers being accepted subject to the sale of the buyer’s property is common practice in many property transactions across Scotland. This proposition is brought to market to targ

Construction is commencing on a new neighbourhood in St Andrews where 30% of homes will be affordable.  Savills Development completed on the sale of the 17 hectare site to David Wilson homes, just 1.5 miles to the south east of the historic town centre.

Aberdeen’s office market is on course to exceed 400,000 sq. ft. of take-up during 2022, despite take-up easing in the third quarter, according to Knight Frank. The independent commercial property consultancy said that 47,926 sq. ft. of office space was transacted in the Granite City between Ju

Property taxes in Scotland have increased by nearly two thirds compared to the pre-pandemic period according to analysis of the latest statistics by property firm DJ Alexander Ltd. The Edinburgh-based firm said that the Scottish Government revenues from Land and Buildings Transaction Tax (LBTT) incr

It has been predicted that millions of families are set to see their annual mortgage payments rise by an average of £5,100 between now and the end of 2024, according to new analysis published by the Resolution Foundation. With the low-interest rate era firmly at an end – the Bank of Engl

Savills has sold a prominent Glasgow city centre hotel on behalf of Azets acting as joint administrators of Bracknell Property LLP to the Address Collective from a guide price of £4.5 million. The former Pocotel is prominently positioned on a corner site at 139-141 West George Street and compr

The Scottish housing market outlook remains challenging amid a September fall in market activity, according to the latest RICS UK Residential Market Survey. A concern highlighted by respondents is on the impact of new Scottish Government initiatives will have on the supply of rental properties, pote

Three prominent retail and office buildings on Edinburgh’s George Street have been sold in a deal that defies the gloom recently associated with the retail sector. Broadlands Properties Ltd has acquired 86, 88, and 90-92 George Street from a client of CBRE Investment Management, with the multi

James Keiller Property Developments, the property development, investment and management company based in Dundee, has invested £6 million in the expansion of a Dundee retail park as part of a wider strategy to continue to invest and trade in commercial property on the East Coast. The 37,500 sq

Sally Anthony, professional support lawyer at Morton Fraser, discusses the introduction of the Register of Overseas Entities (the ROE) and the implications it has for overseas entities that already own or lease property in Scotland or wish to invest. The Register of Overseas Entities, which was intr

Homebuyer enquires in Scotland fell again during August as wider economic challenges impacted further on market conditions, the RICS Residential Market Survey revealed today. The latest results show that house prices in Scotland continued to rise, albeit at a less firm rate, but enquires, sales and

Frasers Property has secured three new lettings at the biggest speculative new build scheme at Hillington Park in a deal worth £14 million. The West 100 & 200 development, on the site of the former Rolls-Royce factory, brought 132,774 sq ft of modern industrial and logistics accommodation

A buyer is being sought for former New Aberdeen Savings Bank headquarters, a Category B Listed property, at 17-19 Union Terrace in Aberdeen. Savills, acting jointly with FG Burnett, has been tasked with the launch.