Scottish Property sees a Positive Hike
Scotland commercial property has now seen its first quarter of positive capital growth in over two years. This falls in line with the rest of the UK which also sees a positive growth with capital values rising 1.5%. on a downside the report also revealed that the rental values have not returned the positive growth. Over the past year rental values have fallen by 4.2% compared with -8.4% at UK level. The investment made in the Scottish property has improved but along with the rest of the UK its’ been a very slow increase. The lack of investment in the Scottish property in 2009 is sizeable but looks less and less likely to hit the year end figure of £1 billion.
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