As predicted in April, uncertainty surrounding the Scottish Referendum dragged upon markets into Autumn. This was an exceptional event however and continuing economic growth is positive for property markets. The property investment market recognises this and has largely resumed normal business.
City office markets had a quieter period pre-Referendum, although the slowdown in Aberdeen is attributable to lower oil prices and cost-cutting by North Sea operators rather than democracy.
A long run lack of new industrial development is now becoming critical in prime locations as business growth and property obsolescence encourage occupiers to relocate.
The retail sector is still in recovery mode but is supported by an active leisure sector, growing consumer expenditure and a re-basing of values which should help to attract new investment.
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