Property Updates - 2010
Download the 68th
Scottish Property
Review PDF - 568KB
Download the
2009 / 2010
Annual Review - 1.25MB
Prospects for the Public Sector
The credit crunch has hit the public sector in slow-motion. Public expenditure continued to rise during 2008 and 2009 while the rest of the economy contracted. The wider economy is now recovering, but public spending in Scotland is expected to fall by 12.5% over the next four years in order to bring down record levels of national debt. Read more about the public sector.
Bearing Witness to Expert Value
Why is it that disputes over property values appear to be increasing as the market improves? Nobody will have wanted to crystallise a loss or find themselves in a position of negative equity and will, therefore, have resisted selling assets unless forced to do so. The toll of the wider economy upon business and personal relationships has resulted in a number of casualties where each party needs to determine their share of the value of any associated property. Read more about the increasing volume of disputes and the need to appoint a valuer as an Expert Witness.
Appeals Reveal Extent of Business Rates Blow
The number of Scottish companies appealing their business rates has increased by 22% compared to the last revaluation in 2005 and it is anticipated that this figure could rise to as much as 30% by the appeals end date, 30 September. Read more on the 2010 Rating Revaluation.
Latest Public Sector Cuts Impact On Leeds Office Market
The Leeds office market has been dealt a blow after the latest set of Government cut backs saw more public sector property requirements pulled from the City in the last few weeks. Read more on the Leeds office market.
Leeds Q2 Office Sector Take Up Analysis
The latest office take up figures for the city centre have been announced. Read the latest Leeds office market findings.
Public Sector Asset Management
With public sector organisations under pressure to make savings and improve returns on the spending of public funds, there is more interest than ever on the efficient management of their extensive property portfolios. Read more about public sector asset management.
Saving Troubled Assets
Funders continue to be intently focusing upon existing loan books and whether or not debt is being sufficiently serviced. Headlines of huge percentage falls in capital value up to mid 2009, and of the subsequent rebound in the commercial property market, do not give sufficient insight into the characteristics of a particular property asset. It is critical to understand how it might compete within its own specific sector or the wider marketplace. An understanding of where the present value really lies in a proper market context is fundamental. Read more about asset recovery.
Ryden’s 66th Scottish Property Review Results
Ryden continually monitors the commercial property market in Scotland and publishes an analysis every six months. Read the latest Scottish property findings.
Development Land Market Starts Moving Again
Land owners are slowly realising that the loss in land value is not a short term effect and many are considering testing the market to see what level of price they may be able to achieve. Read more about the development land market.
Tenant Default Remedies
A useful reference tool for landlords if their tenant fails to fulfill their rental obligations or leaves the premises whilst still in arrears. Access the tenant default tool here.
Do you Understand your Lease and its Implications?
If you run a business in the current economic climate, you’ll know that dealing with cash flow and staffingwhilst trying to secure a profit can be challenging. In these circumstances maintaining and repairing your business premises will often be low on your list of priorities. You are probably already aware that when it’s time to vacate the premises you’ll have a responsibility to carry out repairs and redecorate, but do you understand the extent to which these works should be carried out? Read more about dilapidations.
Managing Vacant Property
Vacant properties can require as much attention as occupied premises and the number of vacant properties is likely to increase as demand reduces and companies go into receivership. Property owners, and tenants that no longer occupy their premises, need to actively manage their vacant property to ensure it retains value and does not fall into disrepair. Read more on managing vacant properties.
