21% Fall in Commercial Sales value in Scotland
Reports released by the Scottish Property Federation (SPF) shows negative figures to the tune of a 21% drop in the value of commercial property sold in Scotland – This fall was within the Q1 of 2019 and compared to the figures of 12 months ago. The fault is put on the fact that there were fewer high value transactions of £5 million + having taken placed.
David Melhuish, director of Scottish Property Federation was quoted as saying: “The sales report for Q1 2019 shows a clear fall in total value of commercial property sales compared to the previous year. This aligns with investment data suggesting a subdued start to 2019 for the Scottish commercial property sector.
However, the sales data does underline the current strength of Edinburgh’s commercial property market, with the capital accounting for 35% of the Scottish market by value. The investment data also highlights the rise in investor appetite for alternative property asset classes, such as hotels and build-to-rent.
For investors, Edinburgh remains a hotspot, while more broadly, low growth and lack of certainty in the economy is weighing down on activity.”
The full report can be read on the Project Scot website.
You May Also Enjoy
England’s non-decent homes could fall by 20%, but it will cost £1.43bn
Agents face growing stock backlog as slower market leaves more homes unsold
Renters’ Rights Act – What landlords should do now
Renting cheaper than a mortgage for first time since June 2025
As RRA Changes Loom, Thoughts from the Industry
