Scotland Snapshot August 2024

Posted by Colliers on 27th August 2024 -

We are pleased to present the latest edition of the Scotland Property Snapshot, offering an in-depth analysis of the current trends and economic indicators shaping the Scottish commercial real estate market. As we navigate through 2024, the landscape presents a mix of challenges and opportunities, highlighted by fluctuating yields and sector-specific dynamics.

The Scotland Snapshot reveals that quarterly investment volumes have experienced a decline, dropping from £360 million in Q1 to £270 million in Q2, which is approximately 45% below the five-year quarterly average of £490 million. Despite this slowdown, there are significant insights and developments worth noting.

Highlights in the latest Scotland Snapshot include:

• The year-to-date total of £630 million is 20% lower than the corresponding figure for 2023. With 23 deals completed during the quarter, the average lot size stands at £12 million in Q2, aligning with Q1 figures and slightly above the five-year average of £11 million.

• Office and hotel investmentsaccounted for the largest shares of activity in Q2, while retail and industrial sectors saw relatively muted investment.

• Cross-border capital constituted 30% of all activity by value this year, a decrease from the 2023 share of 36%.

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