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Funders are now intently focusing upon existing loan books and whether or not debt is being sufficiently serviced. Headlines of percentage falls in capital value do not give sufficient insight into the characteristics of a particular property asset and how it might compete within its own specific sector or the wider marketplace. An understanding of where the present value really lies in a property market context is fundamental.
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The overhaul of the planning system is now gaining momentum. New legislation is coming into force with the implementation of the Planning etc (Scotland) Act 2006.
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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.
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Fast Facts
The latest edition of Ryden’s Scottish Property Review, published at the end of April, reports the slowdown across Scotland’s property markets has synchronised as the country’s economy has entered recession.
Ryden is saying a fond farewell to the firm’s longest serving Partner, Roy Durie.
Ryden has been named Industrial Agency Team of the Year (Scotland) 2009 at the annual Property Week Awards in Edinburgh.
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Property News
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We are seeing property investment deals starting to reach completion demonstrating that well-secured prime investment properties’ values are stabilising and the market is showing signs of improvement.
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The Dundee property market, like all areas, has suffered from the downturn but a number of property deals are still completing and show how the city has benefited from investments in new development in recent years.
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It seems buyers are still in the market for unusual development opportunities. In Edinburgh, the recent sale of three churches and one church hall attracted a lot of interest.
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