Unlocking the full potential of Scotland’s living sector

Confidence in Scotland’s real estate market has boomed over recent years. Investment has increased across all asset classes, with £1.2bn of commercial property deals completing in Scotland during the first six months of 2022 alone.

It is therefore no surprise that Edinburgh and Glasgow were ranked as the top UK locations for investors looking for residential investment opportunities. The disruption of Covid-19 and consequent rise in construction costs inevitably reined in this optimism, with investors, funders and developers adopting a more cautious approach during Q2-Q3 2020. However, if the impact of a global pandemic caused a short-term deceleration, with investor demand soon bouncing back, the economic and political turmoil of recent months can only be viewed as a sharp – hopefully short – handbrake turn on the market.

In this article first published in EG, Shoosmiths’ head of Scotland, Janette Speed, discusses the opportunities and challenges facing the real estate sector in Scotland. 

Click here to read the full article.

Disclaimer

This information is for general information purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. Please contact us for specific advice on your circumstances. © Shoosmiths LLP 2024.

 


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