£25m Property Deal in Edinbrugh Indicate Commercial Property Market has Reached Bottom

The TheScotsman reported the purchase of two prime location buildings in Edinburgh, this gives us further indication that the commercial property market has reached its lowest ebb.

A private investor has agreed to purchase a building occupied by The Royal Bank of Scotland at 24 St Andrew Square for £16 million and Thistle property is finalising a £9 million purchase in George St.

I predict a bullish run on commercial property, as cash rich investors will regard this as an indicator they are getting the best deals and the market will fall no further.

Watch this space for more big deals!!