Getting away from it all: Scots style
Article Abstract:
Real estate in Scotland represents an attractive investment for people who desire to live in an unspoiled wilderness. Scotland offers large tracts of wilderness that do not have restrictions on foreign ownership. The most obvious assets of Scottish real estate are forestry and the quality of sport, including fishing and hunting, and the beautiful countryside is also becoming a tangible asset as more people become environmentally aware. The value of real property is determined by its accessibility and the quality of its assets. The real estate market in Scotland in 1991 will not be robust, but it will offer excellent opportunities for investors. Tracts of real estate with forestry assets provide a good opportunity because the demand for timber will guarantee a return on investment of between 6% and 7% over inflation.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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Industrial buildings in Scotland
Article Abstract:
The UK recession has not hurt the Scottish property market too badly, and demand for industrial properties in Scotland, which has been strong over the last two to three years, is expected to remain buoyant. Many firms are implementing projects that require new industrial space, and Rutland Estates acquired part of the Scottish Development Agency's real estate portfolio in order to provide new and refurbished space. Rutland Estates has leased over 100,000 square feet in 1991 at prices of between two and one-half to five pounds sterling per square foot. The privatization of the five Scottish New Towns should put approximately 10 million square feet of industrial property on the market.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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Looking beyond London
Article Abstract:
The Scottish real estate industry must establish itself as an autonomous industry instead of being just a satellite of the London property market. The real estate business in Scotland need not rely on the London trend because it is differently influenced by the factors that drive the real estate industry in general, including tenant occupational demand, investment demand, and debt finance availability. The industry can develop and enhance itself by attracting foreign inward investment, with the help of encouraging investment policies of Scottish institutions and banks.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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