September saw the largest rise in annual capital growth for all Scottish property since June 1998, showing a rise of 0.6%, to 4%, according to the Richard Ellis St Quintin Scottish Monthly Index.
Office capital growth remains strong at 7.9%, while high street retail also performed well during September as annual capital growth jumped to 2.6% from 1.5% last month.
All property rental growth showed similar signs of improvement and the annual rental growth for all property increased to 6.2% year-on-year. Industrials and retail warehouses were unchanged from August.
Total return for all property lifted to 12.3% year-on-year in September, following the pause in returns last month at 11.6%. Every sector showed an improvement in annual total return, with the exception of industrials, which remained at 10.8% year-on-year. Offices continue to outperform with annual returns of 17.6%
EGi News 17/11/99
