Care leads ‘healthy’ Scots property sector
Business property adviser Christie & Co has highlighted the resilience of the Scottish property market, with deals in the care and childcare sectors leading the way.
The company’ s half-year review reported a“healthy” level of activity across all sectors in Scotland, but pointed to particular strength in the care industries.
Despite ongoing challenges regarding funding, fees, staffing costs and staffing shortages, the care sector“remains filled with opportunity” sup - ported by banks, venture capital trusts and real estate investment trusts, according to the adviser.
It cited childcare as a specific stronghold, with the Scottish Government pledge to provide 1,140 hours of funded childcare to all three and fouryear-olds generating “significant interest”.
The company recorded a slowdown in terms of hotel buyer activity, with concerns over economic and political uncertainty knocking the topend of the market, and highlighted struggles in the dining industr y due to rising staffing and business costs, as well as the rapid expansion of the “eating on the go” submarket.
B r i a n S h e l d o n , r e g i o n a l director for Scotland at Christie & Co, said: “There is still no decision on Brexit and the outcome that this presents, t o g e t h e r w i t h t h e o n g o - i n g S c o t t i s h i n d e p e n d e n c e debate.
“O u r s e c t o r s a r e r e s i l i e n t and adapt to changes, whether good or bad, and our sector knowledge and adaptabilit y makes us well positioned react to any changes and challenges that may come our way.”