COVID-19 has had a significant impact on many businesses, particularly those operating in the hospitality, leisure and retail industries. With income suffering and recovery likely to take some time, rent arrears continues to be an issue for numerous commercial landlords and tenants across Scotland.
It is difficult to think of an area of life that the coronavirus pandemic has not affected. Certainly, every legal service we provide at watersrule Solicitors has been impacted to some extent. In particular, we have seen significant changes happening in the residential property market.
We are living in uncertain times at the moment. I am writing this message to all our clients and to potential new clients with watersrule to reassure you that we will remain available to you for advice and legal support over the coming weeks and months, providing “business as usual” as far as we can.
The latest House Price Index report revealed the average property price in Scotland was £145,762 in February 2019. This was a 3.1 per cent decrease on the previous month and a fall of 0.2 per cent on February of last year (£145,982); the first annual drop in average property price in Scotland since March 2016.
New research has revealed that Scottish and Welsh charities outperformed other parts of the UK in terms of real terms legacy income growth in the last decade.
As several major retailers are having to downsize in the current economic climate, new figures suggest budget chains such as Aldi and Lidl are driving an increase in take-up at Scotland’s retail parks.
Cohabitation laws in Scotland are in need of reform as they do not help grieving people or vulnerable individuals, according to a recent report by the Law Society of Scotland.
HFD Property Group has secured an £88.9 million development loan to complete the 313,116 sq ft accommodation at 177 Bothwell Street, the final part of the Bothwell Exchange office campus.
The Scottish Government opened a consultation on the 17th February, asking the public how the laws surrounding succession could be fairer and more representative of 21st century Scotland. The consultation focuses on two key ideas – intestacy rules for surviving spouses/civil partners, and cohabitation rights.
