The commercial real estate market in Scotland started 2023 on a sluggish note, with only £250 million worth of transactions, a sharp drop from the five-year quarterly average of £550m, according to a recent report by Colliers.
Property
The £300 million transformation of Candleriggs Square in Glasgow’s Merchant City has reached another significant development milestone with the completion of structural work for a 346-apartment build-to-rent (BTR) complex, forward funded by Legal & General. Candleriggs Development 2
The former Scottish Widows headquarters in Edinburgh is to be partially demolished to make way for new housing after councillors gave their approval for the plans.
Property management firm LOMOND has expanded its footprint in Scotland with the acquisition of Purplebricks' entire Scottish rental portfolio for an undisclosed sum. All properties under the deal will transition seamlessly to Lomond's primary Scottish subsidiaries – DJ Alexander, which op
Over a quarter of all property taxes in the last year were contributed by investors and second home buyers, according to property firm DJ Alexander. DJ Alexander revealed these figures based on the latest statistics on Land and Building Transaction Tax (LBTT).
In a transaction brokered by Shepherd Chartered Surveyors for FWM Investments, the Aberdeen-based headquarters of optician Duncan & Todd has been sold to a private property firm for £1.75 million, reflecting a 7.5% yield. Occupying a total of 15,400 sq ft, the property at Unit 4 Kirkhill C
Murrayshall Country Estate, located near Scone, has submitted plans for the introduction of new leisure amenities and high-end holiday residences. The multi-million-pound proposal, set to foster significant economic investment and potentially create up to 400 jobs in Perth and Kinross, has been subm
The average price of residential property in Scotland has increased by 3% in a year to reach £184,877 in March 2023.
The Aberdeen Solicitors’ Property Centre Limited, collaborating with the University of Aberdeen's Business School Centre for Real Estate Research, has issued new statistics for Q1 2023 relating to the Aberdeen housing market. The report follows a constant quality methodology, revealing a quart
In 2022, older UK homeowners accessed a record £5.2 billion from their housing equity, a rise of 28% from the previous year's £4.1bn, revealed data from the Financial Conduct Authority (FCA).
Specialist property firm Rettie & Co has reported that residential Land & Buildings Transaction Tax (LBTT) revenue, including Additional Dwelling Supplement (ADS) on second homes, has reached a record high in Scotland of over £600 million. The figures reveal that 63% of house sales are
Cala Homes (North) has submitted a planning application to Aberdeenshire Council for proposed new homes in Banchory.
More than 1,000 people have joined a mailing list for Springfield Properties' Durieshill Village development, close to Stirling, as it approaches a milestone planning decision on 29 June.
Forecasts of "doom and gloom" in the Scottish housing market have proven to be over-exaggerated, according to Rettie & Co following the release of new statistics.
Skipton Building Society is set to offer 100% loan-to-value (LTV) home loans for the first time since the 2008 financial crisis, targeting first-time buyers unable to save for a deposit.