For international property investors, Scotland has become an increasingly attractive proposition in recent years, with a strong influx of overseas capital changing the investor dynamic.
The Scottish office market is seeing robust take up, on course to exceed the 10 year average of 2.1 million square feet by the end of the year with investors seeing Scotland as more defensive than London post Brexit. Edinburgh is now the only Scottish city with new speculative development under construction, meaning that occupiers will begin to compete for good quality Grade A space, according to the latest research from real estate firm Savills.
The No vote in the Scottish referendum has lifted an uncertainty for commercial property markets for businesses on both sides of the border, according to real estate firms.
ALMOST £8 billion worth of Scottish property investment could be at risk after independence as London fund managers “sell down their Scottish assets”, an expert has warned.
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