• The Scottish economy showed signs of slowing down as GDP fell to 0.3% in the third quarter of 2018, while the annual total return for all property fell to 5.6%.
  • Industrials had a strong end to the year, resulting in annual total returns of 8.6%, the best performer of the three main sectors.
  • Offices in Scotland overtook its counterpart in the UK, with annual total returns of 8.2% as opposed to the UK wide total return of 6.2%. Offices also pulled ahead of the alternative sector in the last quarter of the year.
  • The outlook for retail remained subdued as the decline in capital values accelerated in Q4. Despite this, Scottish retail remains ahead of its UK counterpart.
  • Investment volumes for 2018 were broadly in line with 2017, with £2.49bn transacted in Scotland throughout the year.