Scotland Snapshot October 2020

Download Report
Colliers Scotland Property Snapshot Q3 2020 hero

Although the Scottish economy remains some 11% below its Covid level, GDP growth has resumed with latest monthly data showing a 6.8% increase. Encouragingly, both investment and occupier activity have also picked up again, with a number of larger deals transacting during the third quarter.

In this quarter’s Scotland snapshot, we highlight:

  • Investment volumes reached a one-year high of £477m in Q3, up from £35m in Q2
  • Asia-Pac investors returned to the market, accounting for over half of all investment volumes
  • Occupier activity has returned with office and industrial take-up bouncing back in Q3

Colliers Scotland Property Snapshot Q3 2020 search

Scotland Snapshot October 2020

Download Report
Related Experts

Douglas McPhail

Head of Scotland

Glasgow

As department head, Douglas has overall responsibility for approximately 500 properties under management with a total rent roll in excess of £230million.  Helpdesk for tenant/occupier use and a full property accounts team.  He has developed the business management procedures required for ISO9001 accreditation used by the CCRE IPM department across the UK.

View expert

Walter Boettcher

Head of Research and Economics

London - West End

I am the the Chief Economist at global property advisors Colliers International based in London.  I am a research economist identifying timely research topics and directing research and forecasting outputs.

I have over 20 years UK and European property industry experience and extensive expertise across a wide range of property sectors and related industries.

I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national and broadcast experience.

I joined Colliers International in August 2007 after several years at a private property company where he was responsible for managing a mixed portfolio of London residential, retail and office assets.

Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business.

I am an economics graduate of the University of Texas at Austin and received his PhD from the Faculty of Science at University College London.  I am a member of Lambda Alpha International and the Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

View expert

Oliver Kolodseike

Associate Director

London - West End

Oliver is an Associate Director in the Research and Forecasting department  and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and recently launched quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

View expert