Despite several headwinds, both the Scottish economy and commercial property markets have performed reasonably well in Q1 2022.
While interest rates and gilts are expected to increase further this year, we expect CRE investment volumes to remain strong, driven by the domestic and global weight of capital.
Key highlights in our Scotland Snapshot include:
- Q1 2022 investment volumes up by 20% on Q1 2021 levels
- Cross border capital accounts for 60% of all activity in Q1 2022
- Office leasing continues to stabilise