Scottish Commercial Property Market on the Raise for 2017

Posted on 20 March, 2017 by admin

It has been reported that the importance of Investment from outside the UK, such as China and South Africa, will further increase for the commercial property market in Scotland in 2017.

The figures from 2016 show nearly two thirds of the commercial property spend was from foreign investors. Furthermore, for the city of Edinburgh, the number is significantly higher, with more than 80% of the total commercial property spend of £966 million coming from overseas.

scotland-investment-office-building

Alasdair Steele, Head of Scotland Commercial at Knight Frank, predicts the percentage to increase in 2017, with several important transactions expected in its other major cities including Glasgow and Aberdeen.

Mr Steele said, with more planned activity in Glasgow, “what you’ll see is a mirroring what has happened in Edinburgh, with bigger deals and more significant deals coming out. They are more likely to be acquired by overseas money so I think we’ll see a rebalancing of transactional levels and investment interest across the cities.”

Mr Steele further stated the impact of the country’s second independence referendum was low and has not raised a concern for the investors.

Although London remains the UK’s top location for investment, investors are finding it more difficult to receive the required yields due to the city’s high competition. As a result, cities in Scotland, especially Edinburgh, have recently been performing strong in terms of attracting both national and international investors.



Related Posts


Leave a Reply


Recent Posts

UK retail assets sold by St Mowden as retail market slows

Demand for retail space lowest in 9 years

UK Local Authorities spend 3.8bn on Commercial Property in the last 5 years.

Retail sector feeling positive in Northern Ireland

Brexit silver lining for warehouse builder Tritax

Tycoon plans £1bn landgrab with Network Rail bid

UK Commercial Property investments off to a strong start in 2018

bigstock-Speaker-at-Business-Conference-6newuse

Billions of Midlands investment to be showcased at MIPIM 2018

Northern Ireland Commercial Property boosts due to shopping centre sale

bigstock-View-Of-The-City-Centre-Of-Edi-95179379

Edinburgh needs developments to act as incentive for investment

spotify-news-story

Spotify in £1.18bn copyright lawsuit

market cart and supermarket view and parking

Toys R Us UK Stores Facing Administration

new-and-modern-warehouse

Amazon and other online giants changing the game in UK commercial real estate

Beers-In-A-Flight

British Pubs face closing due to soaring business rates

original_images_Google-entrance

Google new London HQ gets the go-ahead!

office-620817_960_720

Significant Increase in Female Self-Employment