From Insider yesterday:
The return of UK investors to the market helped the Scottish commercial property sector deliver one of its strongest years in 2018. More than £2.5 billion was invested in offices, retail, industrial and specialist property in Scotland, above the £2.46 billion average seen since 2014. Investments made by UK funds increased by 58% to £771m and up 255% on 2016’s low of £217m. But overseas investors were the most prolific purchasers in Scotland, accounting for £920m (36.8%) of the overall figure. Around two-fifths, or £1 billion, was spent on offices across Scotland, with Glasgow, Edinburgh, and Aberdeen taking up the lion’s share (£897m). Investment in retail dropped from £665m in 2017 to £550m last year, mirroring trends seen across the UK.’
This is, of course, objective evidence of the kind, unlike the GERS estimates, reported here before:
Scottish labour market outperforms UK revealing more evidence of health in economy
Umpteenth post on underlying strength in Scottish economy: Property investment up 19.8%!
Scottish business confidence well above UK average
SNP blamed as private businesses experience too much demand and overcrowding with new staff second only to Labour-mayored London.
Scottish business confidence stays high…Ah but!..Oh shut up Revoking Scotland!
63% fall in large business insolvencies as Scottish economy reveals strength
See this Douglas? Business investment in Scotland up 250%!
Scottish Business Strength No.77: Small Scottish construction firms’ growth up 17%
Scottish small businesses still more confident than those in non-Scottish parts
Business activity soars to four-year high across manufacturing and service
Business confidence in Scotland soars by 24% while it sinks 29% in non-Scottish parts of UK
Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media
Scottish Government supports economy with new business rates unique in UK