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The Real Estate Impact of the Scottish Independence ‘Everendum’

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  • Colin Jones

Abstract

In 2014 Scotland voted in a referendum to remain as part of the UK by a margin of 54:46. It was a referendum that was supposed to settle the matter for at least a generation but the issue continues to be debated. It is widely accepted that there could be another referendum in the foreseeable future. The potential consequences are economic uncertainty with implications for inward investment from the rest of the UK and investment decisions generally. The real estate sector is likely in particular to see potential impacts through the scale of lettings/rental change, development and most explicitly in risk premiums placed on investment. The paper will assess whether such outcomes can be identified so far by a comparative study of Glasgow and other UK provincial cities.

Suggested Citation

  • Colin Jones, 2016. "The Real Estate Impact of the Scottish Independence ‘Everendum’," ERES eres2016_84, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2016_84
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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