Leading global Real Estate Consultancy Knight Frank has made the following observation on the Scottish Independence Referendum Result:
The reality is that the majority of investors love certainty – now the “independence issue” is resolved they can plan ahead. The no vote might now result in a flurry of deals in Scotland due to greater certainty and a simple desire to “get on with business as usual” after a period of pent up demand.
In any case, Scotland will now get a “Devo Max”, which will result in an enhanced role of its key cities as political and commercial centres. This may boost demand for commercial space; and also support the public sector, as Scotland realigns its public services to accommodate new powers.