News

The number of homes worth at least £1 million is set to triple by 2030 across the country, a report predicts. The forecast would mean that by 2030, around one in every 20 (5.1 per cnt) homes in the UK is worth £1 million-plus, according to Santander Mortgages.

Short-term property finance lender LendInvest has announced plans to expand its operations into Scotland. The move will see the company’s existing residential bridging and short-term buy-to-let products made available to new Scottish property entrepreneurs seeking loans with a maximum 70 per cent

The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.9 billion in January. This is 9 per cent lower than December’s lending total of £19.8 billion, but 21 per cent higher than the £14.8 billion lent in January last year.

The average price of a home in Scotland dipped last year, in contrast to the UK as a whole, according to new official figures. The average price of a typical UK home increased by £18,000 last year meaning that by December the average property was worth £ 288,000.

Edinburgh-based global investment manager Standard Life Investments has announced the appointment of Jonathan Kennedy as director of change and technology following a comprehensive selection process. Mr Kennedy joins from Virgin Money in the capital where he was chief operating officer.

Union Street, Aberdeen. Aberdeen’s hotel sector experienced its second successive monthly drop of over 40 per cent in year-on-year revenue in November, according to the latest report by accountants and business advisers BDO.

The Supreme Court has ruled a company’s VAT repayments, made after it overpaid VAT, are liable to corporation tax. The appellant, Shop Direct Group (SDG), is a company in the Littlewoods corporate group (the Group).

More Scots are in work than ever before, according to latest official labour market statistics released today. Office for National Statistics data for October to December 2015 show that the overall employment rate increased to 74.8 per cent, just outperforming the UK of of 74.1 per cent, and that th

New data from the Council of Mortgage Lenders has revealed a mixed picture on lending in November to December. However, on an annual basis, the value of lending grew across all lending types.

The Scottish Green Party has stepped up its calls for action on the cost of renting a home as a new poll revealed most Scots support a points-based system of rent controls. The Scottish Government agreed that its Private Housing (Tenancies) (Scotland) Bill would include the ability to introduce rent

The results of a poll conducted by the Scottish Chambers of Commerce has revealed that 68 per cent of its members would vote for the UK to remain a member of the EU at the pendind referendum, “if the poll were held tomorrow”. On the timing of the referendum a majority of the businesses wanted th

Demand for professional talent in Scotland has declined by 19 per cent in the 12 months to January 2016, according to the Association of Professional Staffing Companies (APSCo). The data, provided by recruitment software company, Innovantage, revealed that growth in the region varied considerably be

Fergus McDiarmid Scots law firm Morton Fraser is to provide legal services to two pensions providers after being appointed to their panels of commercial real estate legal advisers.

Charles Luke Edinburgh-based, Aberdeen Asset Management-run investment trust Murray Income, saw net asset value total return fall by one per cent in the six months to December 31, which beat the all-share index’s fall of two per cent.

Fraser Wilson Fraser Wilson, partner PwC Scotland, reflects on the journey of the Financial Services sector in Glasgow following PwC's most recent Glasgow Powerhouse debate and shares his views on the opportunities that lie ahead.