In line with the wider global slowdown, investment into Scottish commercial real estate saw a significant decline in 2023, according to Colliers’ latest Scottish Snapshot.
Total investment reached £1.5 billion, down 38% on 2022’s volumes. The Snapshot shows that cross border investment accounted for 33% of all activity by value in 2023, which was also a decrease year on year with 2022 levels standing at 45%.
The report notes that it isn’t all negative and Scotland’s average 2023 PMI reading of 50.2 was higher than most English regions, Northern Ireland and Wales.
The Q4 ICAEW Scottish Business Confidence Index has highlighted that companies plan to raise their capital investment and R&D budgets faster than any other region or nation in the UK over the next year.
Retail was the best performing sector in 2023, accounting for a 34% share of all investment (£500 million), slightly down on 2022 levels but higher than the 2019-2021 totals. Offices followed at 27% (£400m) and industrial at 15% (£220m).
PHONE: 01475 639000
property@bowreb.com 
