(c) Scottish Construction Now
From Insider today:
‘Investment in Scotland’s commercial property sector is expected to top last year’s total of £2 billion, according to the latest data from estate agency Savills. It points to the latest data which shows that investment volumes of £1.74 billion have already been transacted and £265 million currently under offer as we approach the fourth quarter of the year. Volumes are 90 per cent ahead of the same point in 2017, suggesting that this will be one of the strongest recorded in terms of investment volumes.’
I’m not an economist, thank dog, but I understand that if businesses are investing more in property then there must be more business going on to fill those spaces and more folk employed there to produce the stuff that can be taxed and to pay tax themselves – seemples?
For more on the intrinsic and on the relative strength of the Scottish economy, see: