Overseas investors see Edinburgh property spend nudge 10-year high



Booming demand from overseas buyers means investment in Edinburgh’s commercial property market is on course to reach its highest point since 2006, a report today revealed.
Consultancy Knight Frank said that £336 million worth of offices had been bought in the city in the first half of 2016, with a further £140m likely to be spent by investors in the third quarter.
The total, £476m, would be the highest in a decade since £627m was invested in the Scottish capital during 2006. The £336m spent in the first half of the year also already overtakes 2015’s overall figure of £331m.
Alasdair Steele,... read more

 
9 October 2016 in Business, Views: 66
Source: Scotsman
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