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Rental growth slowed down in Scotland at end of 2016 but demand is high

Residential rents in Scotland fell in the fourth quarter of 2016, down 0.9% year on year to an average of £739 per month, the latest index data shows. The national average, however, has been affected by falls in Aberdeen where the economy has been hit by falls on oil prices, although a recovery in the […] The post Rental growth slowed down in Scotland at end of 2016 but demand is high appeared first on PropertyWire . Continue reading

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Housing stock value in UK passes £5 trillion for the first time

The total value of all homes in the UK rose to a record £6.79 trillion last year with the South East outperforming London, new research shows. Overall growth of £491 billion underscored housing’s status as the UK’s greatest store of wealth, according to latest analysis from international real estate adviser Savills. It means that privately […] The post Housing stock value in UK passes £5 trillion for the first time appeared first on PropertyWire . Continue reading

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Brexit unlikely to dent London as focus for property investment in Europe

London will remain an attractive location for commercial property investment in Europe despite Brexit although some banks and financial organisations may move out of the city, new research suggests. They could look to take space in other European cities such as Frankfurt and Berlin as a result of the decision by the UK to leave […] The post Brexit unlikely to dent London as focus for property investment in Europe appeared first on PropertyWire . Continue reading

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