Bussiness
Scottish property investment slump in first half of year
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
1. Investment into Scottish commercial property has fallen in the first half of the year as uncertainty over interest rates and the general election dulled sentiment.
Property deals were down by 19 per cent since 2023, according to analysis by Knight Frank
Analysis by Knight Frank found almost £750 million of deals were concluded between January and June. That was down 19 per cent on the £922 million booked in 2023 and some 22 per cent below the five-year average of £954 million.
Retail property was the most popular sector with 51 per cent of the total volume in the first six months of 2024.
Alasdair Steele, the head of commercial in Scotland at Knight Frank, said: “At the start of 2024, it looked likely
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