Property Investment News - February 2012
06/02/2012Fall in Scottish commercial property deals recorded during 2011
The value of deals in Scotland's commercial property sector declined by 25.5 per cent in 2011, data published by the Scottish Property Federation and reported in the Scotsman reveal. During the year, the total price of all deals was £1.9 billion, although figures were buoyed by a late rally focused on Aberdeen in the final quarter. Fur...
03/02/2012IPD: London and UK property value discrepancy will widen in 2012
There is likely to be a widening in the difference between commercial property prices in London and those in the rest of the UK in 2012, a leading organisation has said. Reuters reports that the Investment Property Databank's (IPD) UK and Ireland managing director Phil Tily predicts a "growing divergence between the best and weaker perfo...
02/02/2012Stamp duty cut 'halts fall in Irish commercial property prices'
A cut in stamp duty has resulted in the decline of commercial property values in the Republic of Ireland stopping temporarily. This charge was reduced from six per cent to two per cent, which resulted in the price of this asset class increasing by 0.2 per cent during the fourth quarter of 2011, the Ireland Quarterly Property Index from the Invest...