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Report tips Glasgow property sector to build on Games legacy

Research published by GVA and Santander has indicated that the Scottish property sector will continue to recover in 2015 on the back of above average economic growth and the legacy of the Commonwealth Games. Scotland's Prospectus 2015 identifies Glasgow in particular as a growth hotspot, with Edinburgh and Aberdeen also offering good opportunities. Glasgow will not only benefit from the Games, but it will be boosted after becoming the first non-English city to join the City Deal last year, an initiative for regional economic centres that will fund major infrastructure projects including the much-needed Glasgow Airport Rail Link and drive innovation. In Edinburgh, GVA foresees rising demand across all sectors, with a focus on the hotel, residential, office and retail sectors. On the investment side, Santander's team of property specialists supported a significant number of important transactions in 2014. Nick Peet, the bank's divisional head of real estate finance for Scotland, said: 'Looking at the year ahead, we see further opportunities for growth and are committed to continue supporting the ambitions of our real-estate clients.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.


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