Summary
WITH a rosy outlook for residential and commercial property north of the Border, hopes are high that new UK property investment funds could see investors tap into healthy returns. At its Scottish Residential Property Outlook seminar in Edinburgh, Savills predicted a slowdown in headline growth, but claimed Scotland would this year outperform all other areas of the UK.
It forecast a 7 per cent rise in house prices overall, with an 8 per cent lift in prime markets, such as the Central Belt and commuter areas.See the full content of this document
Extract
Know Your Reits to Cash in On Hot Property
That would compare to more moderate growth in England and the UK overall. Growth of some 3 per cent was on the cards for London and the south-east, it said, while prices in the Midlands, Yorkshire and the Humber, the north of England and Wales would drop by around the same amount.
"The big debate is how over or under-valued is the market? We think the Scottish mainstream market will outperform the most," said Richard Donnell, a director of Savills Residential Research. "We're lookin...See the full content of this document
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