Property

Savills has sold a prominent Glasgow city centre hotel on behalf of Azets acting as joint administrators of Bracknell Property LLP to the Address Collective from a guide price of £4.5 million. The former Pocotel is prominently positioned on a corner site at 139-141 West George Street and compr

The Scottish housing market outlook remains challenging amid a September fall in market activity, according to the latest RICS UK Residential Market Survey. A concern highlighted by respondents is on the impact of new Scottish Government initiatives will have on the supply of rental properties, pote

Three prominent retail and office buildings on Edinburgh’s George Street have been sold in a deal that defies the gloom recently associated with the retail sector. Broadlands Properties Ltd has acquired 86, 88, and 90-92 George Street from a client of CBRE Investment Management, with the multi

James Keiller Property Developments, the property development, investment and management company based in Dundee, has invested £6 million in the expansion of a Dundee retail park as part of a wider strategy to continue to invest and trade in commercial property on the East Coast. The 37,500 sq

Sally Anthony, professional support lawyer at Morton Fraser, discusses the introduction of the Register of Overseas Entities (the ROE) and the implications it has for overseas entities that already own or lease property in Scotland or wish to invest. The Register of Overseas Entities, which was intr

Homebuyer enquires in Scotland fell again during August as wider economic challenges impacted further on market conditions, the RICS Residential Market Survey revealed today. The latest results show that house prices in Scotland continued to rise, albeit at a less firm rate, but enquires, sales and

Frasers Property has secured three new lettings at the biggest speculative new build scheme at Hillington Park in a deal worth £14 million. The West 100 & 200 development, on the site of the former Rolls-Royce factory, brought 132,774 sq ft of modern industrial and logistics accommodation

A buyer is being sought for former New Aberdeen Savings Bank headquarters, a Category B Listed property, at 17-19 Union Terrace in Aberdeen. Savills, acting jointly with FG Burnett, has been tasked with the launch.

A historic Fife castle been put on the market for £3.5 million just outside Auchtermuchty. Myres Castle, a B-listed property which dates back to the 16th century, is being sold by Savills. It boasts ten ensuite bedrooms, five reception rooms, 45 acres of grounds protected by a high stone wall,

Savills, on behalf of a private client, has completed the sale of the long leasehold of Mercure Perth Hotel in Perth, Scotland, to S Hotels and Resorts plc, owner of Jupiter Hotels, off a guide price of £2.25 million. The property has an unexpired long leasehold term of 46 years. The Mercure P

Rightmove has released its monthly house price index figures showing a drop of almost £5,000 for the average asking price.

Springfield Properties has submitted a planning application for a sustainable and innovative information centre and new show homes at Durieshill, Stirling. The village is one of Springfield’s largest developments and will see around 3,000 homes delivered over the next 30 years, creating a thri

UK house prices have continued to grow in July reaching annual growth of 11% in spite of lower affordability amid rising inflation and growing interest rates.

Scottish commercial property enjoyed its best first half of the year for investment volumes since 2018 as the market continued its recovery from the Covid-19 pandemic, according to new analysis from Knight Frank. The independent commercial property consultancy found that £1.2 billion of commer

One of Scotland’s scenic hotels, The Drovers Inn at Inverarnan, Loch Lomond has been sold for over £3 million.