As stability comes into the property market and normality returns to bank lending, I am noticing an increase in the number of developers that are now actively looking at the market. This is the full range of developers from major nationwide developers to local developers looking at small developments. At this stage in the cycle of the property market, there is an urgent need for an increase in the amount of properties that are available for people to purchase. It is also good to see individuals and banks willing to invest and speculate in the property market.
I attach a picture of a sign of a recent development that we have become involved with, the re-development of the Taychreggan Hotel in central Broughty Ferry which will provide six luxury flats in a prime location. For more information, contact the Blackadders property team on 01382 342222.
Partner – Head of Property