Property

Rental payments based on takings may become more common as retailers adapt to the changing high street in today's challenging economy, a lawyer has suggested. Martin Bennett, a director in Scottish legal firm Lindsays' commercial property team, says the option is one available in negotiations as sho

Real estate advisor CBRE has announced it has completed the sale of The Arc in Hillington Park to Danobe securities for £2.4 million.

The average price of a property in Scotland in September 2022 was £191,941, an increase of 7.3% on September 2021 but a 0.9% decrease compared with the previous month. The latest provisional statistics from the UK HPI show that the volume of residential sales in Scotland in July 2022

Knight Frank has sold Edinburgh’s only Wickes store for over the asking price in a £6 million deal. The prominent 21,935 sq. ft. property on Stevenson Road is let to building supplies provider Wickes on a long-term lease and had been marketed for just over £5.6m. The higher £

In October, the average rent on a newly let home rose to £1,204 pcm, passing the £1,200 mark for the first time, costing the average tenant an extra £960 per year in rent compared to last year, according to Hamptons. Average rents passed the £1,100 mark back in September 2021

Clothing brand Abercrombie & Fitch has leased a space in Edinburgh as it plans to open its first Scotland store.  Savills, on behalf of Patrizia, has let the 65 George Street location in Edinburgh to AFH Stores UK Ltd.

Demand for prime office space continues to outstrip supply in Glasgow and Edinburgh as the market holds steady despite challenges, according to the latest analysis from Avison Young. The Big Nine quarterly review shows the take-up in the major regional office occupier markets in the UK, including Ed

Savills has sold The Dunstane Houses, a luxury 5-star boutique hotel in Edinburgh, on behalf of a private owner operator to Roseate Hotels for an undisclosed price. The property was marketed at a guide price of £7.5 million.

Homes are selling quickly and a high level of home report valuations are being achieved, the latest data from ESPC shows. In August-October 2022, sales volumes across Edinburgh, the Lothians, Fife and the Borders reduced by 4.3% annually, while new property listings were up 0.5%.

Northern Irish private investment company Wirefox has acquired the Ardgowan Hotel through its Marram Hotels business, expanding the leisure portfolio to Scotland. The privately owned St Andrews property was acquired from the McLachlan family on Monday for an undisclosed sum.

A new way to market properties for sale has been launched by a collective group of solicitor estate agents and ESPC. Offers being accepted subject to the sale of the buyer’s property is common practice in many property transactions across Scotland. This proposition is brought to market to targ

Construction is commencing on a new neighbourhood in St Andrews where 30% of homes will be affordable.  Savills Development completed on the sale of the 17 hectare site to David Wilson homes, just 1.5 miles to the south east of the historic town centre.

Aberdeen’s office market is on course to exceed 400,000 sq. ft. of take-up during 2022, despite take-up easing in the third quarter, according to Knight Frank. The independent commercial property consultancy said that 47,926 sq. ft. of office space was transacted in the Granite City between Ju

Property taxes in Scotland have increased by nearly two thirds compared to the pre-pandemic period according to analysis of the latest statistics by property firm DJ Alexander Ltd. The Edinburgh-based firm said that the Scottish Government revenues from Land and Buildings Transaction Tax (LBTT) incr

It has been predicted that millions of families are set to see their annual mortgage payments rise by an average of £5,100 between now and the end of 2024, according to new analysis published by the Resolution Foundation. With the low-interest rate era firmly at an end – the Bank of Engl