Data
Investment fell 33% in a tough 2023 for property in Scotland
Growing bed shortage drives student accommodation rent hikes
Housebuilding lull weighs on construction activity
Q3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
Landlords are paying 40% higher mortgage interest than in August 2022
Commercial deals value drops 73% as office transactions decline
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Investment fell 33% in a tough 2023 for property in Scotland
Analysis from Knight Frank has revealed that total Scottish commercial property investment volumes fell to £1.5bn in a challenging 2023, their lowest level in the past five years, as the market adjusted to rising interest rates.
Growing bed shortage drives student accommodation rent hikes
Growth in the number of purpose-built student accommodation (PBSA) beds has slowed by 66.6% since 2019 and the supply shortage is expected to worsen, with an estimated shortfall of 490,000 beds by 2026, the latest annual report from student accommodation portal StuRents shows.
Housebuilding lull weighs on construction activity
Housebuilding decreased for the 11th successive month in October and at a much steeper pace than elsewhere in the construction sector, with the headline S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) at 38.5.
Q3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
European commercial real estate registered the seventh consecutive quarterly fall in investment in Q3, but the UK industrial sector provided a small bright spot, according to the latest research from MSCI Real Assets.
Landlords are paying 40% higher mortgage interest than in August 2022
Landlords in the UK are currently paying £15bn in mortgage interest, representing a 40% increase in comparison to August last year, according to Hamptons Real Estate.
Commercial deals value drops 73% as office transactions decline
The total value of UK commercial property deals plunged 73% to £3.7bn over the past six months, from £13.7bn in the previous six-month period, research from Sirius Property Finance reveals.
