SCOTTISH property performed well relative to other markets in the UK a study by property consultant CBRE has found.
At -0.5%, offices saw negative total returns for the second consecutive quarter after total returns of -0.2% in Q3. However, the annual figure of -0.6% shows offices in Scotland performed better than anywhere else outside London, including the south east where annual total returns were -2.4%, illustrating the extent to which London offices influence the total return figure of 4.1%.
Scottish retail returns were also favourable against the English regions, again with the exception of the West End of London, where annual total returns were 13.2%. At -0.5%, annual total returns in Scottish retail compared favourably with comparable regions such as Yorkshire & Humber and West Midlands.
Industrials were once again the best performing sector in Scotland with a quarterly total return of 0.8%. The higher income return of 1.8% over the quarter allowed industrials to be the only sector to experience a positive return in Q4 and it remains the strongest performing sector in Scotland.
